Two people from Cheadle Hulme have been arrested during morning raids as part of a HM Revenue & Customs (HMRC) investigation into a suspected tax fraud estimated to be in excess of £2.9m.
Yesterday (11 July), officers from HMRC searched a residential address in Cheadle Hulme and a business premises in Manchester.
Cash, computers, business and personal records were seized during the operation.
The arrests were made as a result of an investigation into the tax arrangements for a couple who are suspected of under declaring their true personal income and business affairs.
Paul Maybury, assistant director for the fraud investigation service at HMRC, said: "The vast majority of taxpayers pay the tax they owe, but where we suspect people aren’t doing that we will not hesitate to use the full range of our powers to investigate and recover any revenue losses quickly and effectively.
“Individuals who attempt to hide their true income should know they face prosecution. If anyone has information about tax fraud, we encourage them to contact us on 0800 788887.”
One man and one woman were arrested and have been interviewed and released pending further enquiries.