A financial adviser and chartered accountant has been jailed for two years a £365,000 VAT fraud.
Surrey-based adviser Peter Rose (pictured) of Mayfair Associates invoiced clients using an out of date VAT number and kept the money supposedly being paid as tax to himself.
Guildford Crown Court heard Rose avoided £150,000 in VAT by failing to pass payments to HM Revenue & Customs (HMRC).
Rosa also kept £150,000 of income tax and national insurance contributions paid by his staff, and failed to pay £65,000 of income tax and national insurance on his own earnings. Rose admitted to all charges.
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.’