£1.2 Million VAT Fraud - 3 People Sentenced

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Опубликовано:

24 сен 2024

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Комментарии : 121

@jagman84 2 года назад

They should have gone for PPE contracts. No chance of prosecution for dodgy behaviour.

@Bart-Did-it 2 года назад

All that was government inside jobs that pay them and there best builder buddies Over ppe that never made it and got destroyed. What a great government we have ay

@micksterbs9905 2 года назад

Perfect ! Well said

@ae6905 2 года назад

😂😂😂

@dsleepy7623 8 месяцев назад

Do you know where to go to find out more information about contracts

@Mojinator101 2 года назад

Only £1500 on Lego? Bloody amateur’s.

@kanedNunable 2 года назад

yup, thats only 3 little sets these days :P

@MareWithSomeBees 2 года назад

😂🤣

@YenRug 2 года назад

I was thinking, he says that as if it's something extraordinary, guessing he's not bought any lego recently!

@callumBee 2 года назад

To be fair that £1.2million was better used by them than what the gov would have done with it. 😂

@UncleBenjs 2 года назад

True

@inanis9801 2 года назад

Especially the lego

@stephengirling7859 2 года назад

We've all been defrauded for decades with the scam tax they call VAT. Value Added Tax?? WTF??

@jerzywoking1699 2 года назад

You obviously do not remember Purchase Tax, which was much higher that VAT ever has been

@zuegma666 2 года назад

Was on a jury years ago where someone made over £20 million in VAT fraud buying and selling computer chips. Most of the money disappeared into the Cayman Islands though and was unlikely to be ever recovered

@wax-6985 2 года назад

That sound like what you call carousel fraud, import and export of high value small items that never actually move other than a paper trail of invoices through fictional companies. Mobile phones, chips anything small and pricey

@zuegma666 2 года назад

@@wax-6985 yep, that’s it. In this case though they additionally were buying computer chips and not paying VAT as they said they were exporting them, then they sold them to another company at a reduced price and charged VAT. The original invoices were then used in the carousel fraud through the multiple companies they had set up

@catman2629 2 года назад

@@zuegma666 this was known as MTIC fraud and was huge at the time

@marklittler784 2 года назад

The customs & excise took three particular companies to court in 2005 they reckoned owed £412 million in Vat, two cases were dismissed one found guilty of owing £16million the total cost to the tax payer in estimated unpaid vat prosecution, investigation and awarded defense costs was £668 million

@catman2629 2 года назад

@@marklittler784 HMRC won some and lost some cases , this was one they won www.gov.uk/government/news/28m-mobile-phone-vat-fraudsters-jailed

@cameronbrown9080 2 года назад

Well a suspended sentence for what they have done is not a punishment it's a joke

@MrSlugny 2 года назад

Not surprised tho.....in the UK these days ....when child diddlers get light sentences and new identities etc.

@williamwills225 2 года назад

I read today that a certain member of the royal family last year spent over half a million pounds jetting around the world by private jets, enjoying himself, buying expensive presents, paid by the generous taxpayer. I suggest you tackle him too!

@duplicitouskendoll9402 2 года назад

I know right. But when VIPs, celebrities and politicians get found they simply say sorry, agree a token settlement and forget about it. Joe Bloggs (not this guy) gets the full weight of the law because he made a mistake on his tax return because, contrary to the adverts, tax is indeed taxing.

@UncleBenjs 2 года назад

Considering the royals get away with paedophilia, I doubt they would get in much trouble for wasting tax money

@bertbox69 2 года назад

The guy should have worked in politics. You can get away Scott free with misappropriating public money or all manner of dodgy activities that can just get waved aside by the police and the courts.

@mickowen3318 2 года назад

yet the gov can waste tens of millions and no1 as 2 answer ,criminal

@UncleBenjs 2 года назад

Correction, you mean billions. Look at track and trace.

@jamesbrook16 2 года назад

This will pale into insignificance compared with the fraud from companies not being checked on goods entering the UK from the EU.

@monkeytonker4637 2 года назад

I thought you was talking about mp expenses for a second😂🤣

@fasthracing 2 года назад

you are so funny

@beakytzw 2 года назад

When will HMRC go after google and amazon etc.

@bertbox69 2 года назад

Never

@jerzywoking1699 2 года назад

What Google, Amazon, Starbucks, etc., etc. do with concern to their tax liabilities, is not illegal. It maybe immoral, but not illegal. If everyone stopped using these companies, then there would be no discussion about their tax issues. But stopping people using them is like stopping tye sun from rising.

@dejavoue88 2 года назад

typical money is more important than a life. you kill someone while your drunk or on drugs and you get three years. joke

@dhughes6710 2 года назад

He should have gone for a PPE contract, might have got away it.

@ronsargeant8371 2 года назад

VAT is the bigger fraud. I pay tax on my earnings, so that money has been taxed already. Then I get it taxed again from buying pretty much anything, it's not a "luxury tax". I even have to pay it on used cars if they come from a trader, VAT was already claimed on the sale of it when new.

@davincicalisthenics Месяц назад

Vat on used cars is only on the profit declared by dealer but yeah

@pdtech4524 2 года назад

18 months suspended for 2 years is a joke, no wonder there are many willing to risk these scams, as the rewards are far in excess of the punishment.😲⚠️😳🤔 Edit - re Lego, I remember when I used to buy Lego with my pocket money as a kid but prices of the stuff now, you'd need a small mortgage! ⚠️😳🤔😲 £1500 doesn't get you much Lego.

@thomasm1964 2 года назад

You could solve your own housing shortage with them though!

@misfit2022 2 года назад

Considering the amount of fraud going around I wonder when the 23 billion of covid loans will be recouped. If I had known these loans were going to be written off instead of repaid I would have taken one for my winter energy bills.

@johnbowkett80 2 года назад

Sounds like M.P.'s expense accounts .

@eyesodd 2 года назад

YT subtitles "The CPS described him as a Korea criminal", yeah they're the worst 😄

@sydneyhaydock7805 2 года назад

He would do well as an MP, or even PM when he comes out of prison.

@Markcain268 2 года назад

Tut tut, stealing from the government, poor sods are skint!

@ro63rto 2 года назад

£1500 on Lego? What did they buy? One Millennium Falcon kit!

@bertbox69 2 года назад

yes u can get two for that much, what a bargain !!

@davman115 2 года назад

Plenty of Tory donors getting away with worse.

@rogerbarton497 2 года назад

Makes the VAT fiddle my neighbour pulled when she had a new roof fitted pale into insignificance. (Part on invoice, part in cash)

@historickeeper 2 года назад

Should go to jail for the name alone.

@learningpianoat61 2 года назад

Usual pathetic sentences. You can't blame people for being on the fiddle when this is the punishment for being caught! LOL

@nigelkthomas9501 2 года назад

You can understand why some people do this. VAT and tax are an absolute rip off and if it can be got round it’s going to be done. Obviously this is/was excessive and greed was clearly a factor. But don’t we all do a bit of this at times. It’s called “DelBoy” accounting!

@duplicitouskendoll9402 2 года назад

I wish they would just simplify the tax system and make everyone pay VAT at all times. You'll still get fraud, but not nearly as much without so many loopholes, exemptions and grey areas.

@anthonyroach7974 Год назад

Hope they practiced building a prison sell out of Lego .😅😅😅😂Makes me laugh how they can just change the name of the scam company’s and get away with it .if I Rob a Bank and change my name can I not get prosecuted.

@Berlitz81 2 года назад

''Cooking the books'' to reduce V.A.T., and corporation tax liabilities is fairly widespread throughout most businesses and quite rightly carries severe penalties when discovered, which it usually is. Some companies even go to the extreme measure of employing chefs instead of accountants, ha. However, the not uncommon practice of wilfully raising fictitious invoices for the sole purpose of claiming back the V.A.T., element of the sales price is raw criminality and those who are detected and convicted of this crime should receive the maximum legal sentences.

@catman2629 2 года назад

HMRC used what they called Pre Credibility interventions to look at reclaims , they had some success in reducing them but some especially for MTIC fraud got through . The problems were the large number of chains the goods went through before being despatched to another EU country , and it’s was difficult and lengthy to make enquiries in other EU countries as HMRC didn’t have any powers in them . The chains were long typically 8 to 10buyers with one near the original purchase defaulting on paying output tax, the goods passed seamlessly ( if they ever even existed ) till the point of EC dispatch ( ie sale to an EU trader ) which was zero rated, but they could claim back the input tax , which was the honey they were after . Then if HMRC started dragging their heals high level complaints would come in to try and force the issue . The traders knew what they were into , it’s a bit like buying a nice Rolex cheap from a man down the pub that you had never ever met before.

@bertbox69 2 года назад

You could also argue that VAT is a criminal act in itself. It's a cash cow governments have been using to milk the populace by taxing every aspect of daily life. it was only designed to raise revenue after the war. What suckers we are.

@rajakhan-lr1yx Год назад

good on them

@spacerockerlightyears 2 года назад

Did he get the Covid loan?

@jfla5700 2 года назад

Punishment doesn't exceed the reward here

@NuronAtren 2 года назад

I have seen game companies sell games under a company that has an Invalid VAT number.

@jerzywoking1699 2 года назад

Like who?

@abzzeus 2 года назад

£1500 isn't a lot for lego!

@MSkallywagg 2 года назад

Should pilloried and put in stocks in the town square

@suegosling414 2 года назад

What a shame,!Poor HMRC

@brianpidgeon6238 2 года назад

I wonder how many more there is out there ripping all of us and this nation.

@kernow1273 2 года назад

I hope their accountants are charged too?

@neuralwarp 2 года назад

I have never understood why Limited Liability companies are allowed to exist.

@RadioJonophone 2 года назад

To limit the liability to the company, a fictitious entity that cannot be prosecuted or imprisoned, thus protecting the Directors from direct responsibility for company debts. The shareholders risk their cash disappearing, but are not called upon to make good any losses. It is argued that without such a device, business would be stifled. Only those extending lending to such companies are really at risk. Lenders charge interest to cover the risk, so it is said, so nobody really loses in the event of a liquidation.

@seymourpro6097 2 года назад

One of my former employers had HMRC walk in a seize all the computers - not a happy day for the firm or about 1000 employees. Sometimes I wish I knew the outcome, sometimes I'm just happy to be out of there.

@grahvis 2 года назад

Customs have powers the police would envy.

@KarrierBag 2 года назад

£1500 on lego LOL

@davejohnston5158 2 года назад

I'm presuming they recovered much of the money. If not they should sentence him to a tag and curfew for 5 years.

@mikeyt1981 2 года назад

£1500 on lego does not amount to a lot of lego tbvh

@Just.a.gam3r-v3v Год назад

Can anyone advise please 🙏 on day of separation I went into my very soon to be ex husband's bank account and transferred half of the balance across to our joint account and then automatically into my personal bank account. This was "our" money that just happened to be in his account. He is now claiming it was an unauthorised transaction and is threatening to report to the bank and police........any advice on what I should do? Any advice would be sooooo greatly appreciated 🙏

@arghjayem 2 года назад

00:15 what’s wrong with spending £1500 on Lego (genuinely and when not committing fraud and tax crimes obviously) Just asking for the AFOLs (Adult Fans Of LEGO) 🤣😂

@Allegedly2right 2 года назад

Sell the company for a pound to your wife who lives in Monaco job done or just go bankrupt job done all legal of course,engage consultants on £1500 a day no profits made therefore no tax to pay works for some.

@industrialchristian7453 2 года назад

I beg your pardon Sir. As a humble Artisan, a Plumber. I only see the work I do, Materials I purchase which I pay VAT on. Myself and the Customer pay Tax together on a job I do and which they pay for. The Government are poncing off the both of us ( Robin Hood Vs King John Legend). As I see it from the bottom end is the Government claim they lose £££ in VAT but it’s £££ they haven’t taken out of our hands for contributing anything.