Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a647000
Surrey adviser jailed for £365,000 VAT fraud
by William Robins on Dec 20, 2012 at 09:51
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Surrey-based adviser Peter Rose (pictured) of Mayfair Associates invoiced clients using an out of date VAT number and kept the money supposedly being paid as tax to himself.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.’
News sponsored by:
Today's top headlines
iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
More about this article:
More from us
on Jun 17, 2013 at 13:58