Adviser jailed over £365,000 VAT and income tax fraud

A Surrey-based adviser and accountant has been sentenced to two years in prison after he was convinced of avoiding £365,000 in a tax fraud that saw him invoice clients using a redundant VAT number and then pocketing the tax paid for services.

Peter Rose, 65, a Chartered accountant whose firm Mayfair Associates also provided pensions advice services, was handed the sentence at at Guildford Crown Court earlier this week after pleading guilty to the offences.

The court heard that Mr Rose avoided paying £150,000 in VAT after he invoiced clients using a redundant registration number and then failed to pass on the tax paid on services to HM Revenue & Customs.

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He also admitted defrauding staff out of £150,000 in income tax and national insurance contributions by keeping employee contributions that had been deducted from salaries, and failed to pay £65,000 income tax or national insurance on his own earnings.

John Pointing, assistant director for criminal investigation at HMRC, said: “Peter Rose conned his clients and his own staff by persistently and deliberately committing fraud. He may have thought his professional skills made his crimes undetectable, but he was wrong.

“HMRC is increasing its resources and efforts to track down and investigate tax fraud. We will not hesitate to seek out these fraudsters – we owe it to the honest and law-abiding to do so.”