By them absconding, the company keeps the VAT that is owed to HMRC and tracking them down can prove very difficult. This is the simplest form of VAT fraud and is usually referred to as missing trader fraud because the guilty company simply goes missing; taking the tax it has charged to customers with it.
In the event of a person being convicted of a missing trader fraud offence, the courts will order that the money which was fraudulently obtained be confiscated under the Proceeds Of Crime Act 2002. Furthermore, it may also demand that any assets, money, and profits that arose from the fraud be confiscated as well. This can amount to a substantial amount of money and it is, therefore, important that the defendant is properly represented by experienced financial solicitors.
If you are being investigated for VAT fraud or missing trader fraud then Freeman & Co Solicitors can assist you with their wealth of experience in these very complex cases.
As market leaders in all matters of criminal defence, Freeman & Co. Solicitors are really easy to contact. You can call us on 0161 236 7007 or send us a confidential email by clicking here.
Call us today on 0161 236 7007
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