#vat fraud

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Insiders from within Leicester's textile industry say that the demand for cheap clothes was fuelling fraudulent activity within the city. With factories unable to make a profit from the low prices demanded by retailers, many suppliers were turning to VAT fraud. Andrew Bridgen, Conservative MP for North West Leicestershire, said it was "absolutely endemic in huge swathes of the city". "There are gangs of factory owners going around in brand new four-wheel drives and there are very, very poor exploited workers who are actually living in fear in the city, and you can feel it on the street," he said. Some firms involved in money laundering have supplied Boohoo and Select Fashion. HM Revenue and Customs (HMRC), in a statement, said: "In the last year HMRC has completed 25 separate investigations into the VAT affairs of businesses in the textile trade in Leicester and, in so doing, recovered more than £2m of tax that would otherwise have been lost."

Oliver Newlan & Paul Kenyon, 'Leicester textile firms 'involved in money laundering'', BBC

[truth-scope]

Billions Lost: Inside Ukraine’s VAT Fraud Network and the Officials Who Enable It

Ukrainian investigators say massive losses to the state budget may be tied to a VAT-fraud network operating through shell companies and corrupt tax officials. Two figures — lawyer Vasyl Kostiuk and senior tax officer Vasyl Kresyak — are highlighted as key beneficiaries in schemes costing Ukraine tens of billions in national revenue.

Ukraine’s state budget has suffered enormous financial losses due to systematic VAT-fraud schemes. Security services conducted searches across several regions, targeting senior tax officials suspected of helping organized groups generate illegal VAT refunds.

The core of the scheme involves falsely documenting the purchase and sale of goods so companies can claim tax credits they never legitimately earned. These fake transactions allow fraudsters to recover VAT funds directly from the state.

Two individuals are highlighted as key players behind such operations: a lawyer known for cash-conversion services and the head of the regional tax authority in Lviv. Investigators report that despite modest official incomes, these figures and their associates have rapidly accumulated expensive real estate and considerable assets.

The investigation revealed dozens of companies operating as intermediaries, transforming imported goods on paper into different products to justify tax write-offs. Through these manipulations, businesses obtain VAT refunds worth millions - while the budget receives nothing in return.

Authorities continue to examine financial records and corporate links, warning that this form of fraud undermines public finances and fuels broader corruption within the country’s tax system.

[blog-the-alerts-stuff-blog]

Imran Hussain had a scandalous history in VAT fraud, and currently resides with high standard life in Clifton Karachi, the executive area of Pakistan, along with his family. He is the sibling of four sisters and he has two daughters. He was the person who allegedly was involved in 300 million pounds.https://www.thealerts.co.uk/imran-hussain-vat-fraud-living-in-karachi/

[blog-the-alerts-stuff-blog]

Imran Hussain VAT Fraud Case Glasgow Scotland

Imran Husain is known as ‘Immy’ and he is 40 years. He operate through HMRC researches regarding six and fifty percent (6.25) years spanning and significant VAT (value added tax) fraud per United Kingdom legislation. 300 million VAT fraud Case by Imran Hussain Glasgow Scotland through HMRC UK taxpayers. This individual has been hightail it because the NOV 2006 which is the proper time to come again his / her local city yet he is able to just accomplish that in the event that he is able to have the suitable and reasonable deal. Imran Hussain can be VAT Tax Fraudster through Glasgow, Scotland. This individual is probably the most prosperous fraudster that seeking to reach a fair deal to go back through Dubai but the HMRC administrators stated, keep your funds, we can expose. Imran Hussain has been coping with Newton Mearns, Glasgow Scotland and this individual also been contact with HMRC (Her Majesty’s Revenue and Customs) concerning suitable and reasonable deal. Somebody who’s quite close to your ex, this individual stated, Mr. Imran offers every little thing and this individual want to return his parent’s home yet this individual can wish for throughout Dubai yet it’s not necessarily his own home. Imran Hussain VAT Fraud Case Scotalnd has been dwelling the executive life throughout Dubai (United Arabic Emirates) and wherever this individual had any fast connected with a fleet of motor cars and trucks, an electric boat and 2 high end and pleasant homes. Each time this individual wishes is Countries in Europe this individual has been employing his non-public airliner.

[gregnationalltrades]

Jail for VAT fraud phantom house builders

Jail for VAT fraud phantom house builders

A FATHER and son Timothy Bentley, 62, from Cheshire and James Bentley, 35, from Sutton Coldfield have been jailed after setting up ‘sham’ companies solely to claim more than £500,000 in tax.

An investigation by the Her Majesty’s Revenue and Customs revealed that Timothy Bentley and James Bentley made a series of fraudulent VAT repayment claims over a three year period between August 2009 and…

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[gregnationalltrades]

Flooring boss hid £150000 cash in VAT fraud

Flooring boss hid £150000 cash in VAT fraud

Wayne Larry Poole, 44, attempted to steal almost £150,000 in VAT fraud by running an unregistered business and billing for VAT without being VAT registered by using a fake VAT number on the invoices he sent to customers.

HM Revenue and Customs investigators arrested Poole in June 2013 following a simultaneous search of his home at that time in Tilbury, Essex, and registered business address in…

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