Lisa shares this latest news from HMRC. Ed
An Isle of Wight businessman has been arrested as part of an investigation by HM Revenue and Customs (HMRC) into a suspected £135,000 VAT fraud.
HMRC officers arrested the man at a residential property in Sandown yesterday morning, and two business premises and a residential address in the Sandown and Shanklin areas have been searched.
Computers, business and personal records were seized during the operation.
Alan Tully, Assistant Director, Fraud Investigation Service, HMRC, said:
“HMRC will not hesitate to investigate those suspected of VAT evasion. We ask anyone with information about suspected tax fraud to contact our 24-hour Hotline on 0800 59 5000.”
The 48 year old man has been interviewed by HMRC officers and bailed for three months, pending further enquiries.
Image: © HMRC
