Tags: Code of practice 8, tax enquiry, Tax fraud investigation
Peter Davis, aged 58, has been sent to prison for 4 years. Mr. Davis, from London and director/ shareholder of Formula 1 Teamwear Ltd, had operated various shops in large shopping centres in London, Glasgow, Liverpool and Cardiff together with few smaller shops and websites. In order to retain his businesses going and to fund his lavish lifestyle, Mr Davis fraudulently submitted seventeen VAT returns from 2009 and 2013, and fraudulently claimed £961,307. Mr. Davis also owned an Italian restaurant in central London but under declared his sales by more than 50%. He had made fraudulent claims for VAT of £58,507. Read more…
This post was posted in: Civil Investigation of Serious Tax Fraud Cop 9, Code of Practice 8 Investigations Cop 8, Code of Practice 9 - COP 9, Criminal Tax Investigation, Forensic Accountants, Tax Evasion, Tax Fraud Investigation | Be the first to comment