A NEWPORT businessman has been arrested on suspicion of VAT fraud estimated at £320,000. HM Revenue and Customs (HMRC) criminal investigators arrested the man on Wednesday (25 September).
HMRC spokesman Bob Gaiger said:
“Tackling tax fraud is a key priority for HMRC and we will not hesitate to investigate those suspected of stealing public funds. Anyone with information about people who may be involved in VAT fraud can contact the Customs Hotline on 0800 59 5000.”
An address used for both residential and business purposes was searched, and business records and computer equipment removed as part of the investigation.
The man, 50, was interviewed and released on bail until 17 January 2014. Investigations continue.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel