VAT evasion is a criminal offence.
The team at Kangs Solicitors has witnessed many people fall into cash flow problems and endeavor to resolve their perceived short term financial problems by manipulating VAT returns in the hope that the correct amounts can be paid at a later date if and when the financial situation improves.
Deliberately filing an incorrect VAT Return is, in itself, a criminal offence.
John Veale of Kangs Solicitors outlines the relevant law.
The Law | Kangs VAT Fraud Defence Solicitors
Section 72 of the Value Added Tax Act 1994 states that a person is liable who:
‘1) ….. [is] knowingly concerned in, or in the taking of steps with a view to, the fraudulent evasion of VAT by him or any other person,
(a ) with intent to deceive produces, furnishes or sends for the purposes of this Act or otherwise makes use for those purposes of any document which is false in a material particular; or
(b) in furnishing any information for the purposes of this Act makes any statement which he knows to be false in a material particular or recklessly makes a statement which is false in a material particular,’
Penalties Following Convicton | Kangs VAT Fraud Advisory Team
A conviction in the:
- Magistrates’ Court – a maximum 6 months imprisonment and/or a fine to the statutory maximum of £20,000 or of three times the VAT evaded, whichever is the greatest.
- Crown Court – a maximum 7 years imprisonment and an unlimited penalty or fine.
How Can We Help? | Kangs Fraud & Tax Offences Defence Solicitors
Our team is led by Hamraj Kang who is recognised as a leading expert in the field. He is one of only two solicitors nationally to be ranked as a ‘star individual’ for four consecutive years in the legal directory Chambers & Partners.
Other members of the team are ranked in the Legal 500 and also ranked in Chambers & Partners.
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