Tax Rebates & Refunds

Nottingham businessman found guilty of £40k VAT scam

January 30, 2013
Posted in Fraud, Tax Rebates — Written by Chris

A businessman from the Nottinghamshire market town of Arnold has been found guilty of committing VAT fraud worth nearly £40,000.

Peter Wilding was arrested back in July 2012 after HM Revenue & Customs (HMRC) carried out an investigation into his business and tax affairs. Mr Wilding was found to have used his IT firms, IP Logik and Evolve TS, both based in Nottingham, to file tax rebates on VAT he had not paid. In total, he managed to claim £39,755 in false VAT tax refunds.

After being found guilty of VAT fraud, Mr Wilding was sentenced to two years in prison, a sentence suspended for two years. He was also banned from acting as a company director until the year 2017, a disqualification which stemmed from action taken by the Insolvency Service in 2010 over a previous company, QOS Communications, headed by Mr Wilding.

In addition to the suspended sentence, Mr Wilding was also subjected to a six-month house curfew and was ordered to carry out 150 hours of unpaid work in the community.

Commenting on the case was HMRC’s assistant director of criminal investigation, Gary Lampon, who said:

“Wilding was motivated by greed to steal a substantial sum of taxpayers’ money to line his own pockets. This latest prosecution will send a firm message to anyone involved in or considering tax fraud – your time is up.”

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