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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Surrey-based adviser Peter Rose (pictured) of Mayfair Associates invoiced clients using an out of date VAT number and kept the money supposedly being paid as tax to himself.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.’
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7 comments so far. Why not have your say?
Nick
Dec 20, 2012 at 10:01
Surrey accountant jailed for £365,000 VAT fraud
Wouldn't mind betting most of this fraud was perpetrated as an accountant!
report thisAnitaki
Dec 20, 2012 at 10:13
Qualifications count, obviously.
report thisJonathan Kirby
Dec 20, 2012 at 12:46
@ Anataki,
Yes but had he been even better qualified maybe he could have managed to be undetectable?
report thisTaxbreak
Dec 20, 2012 at 14:51
"Guildford Crown Court heard Rose avoided £150,000 in VAT by failing to pass payments to HM Revenue & Customs (HMRC)."
Avoided?!! This was no avoidance - it was pure evasion and theft and not in the least sophisticated.
report thisDevil in the Detail
Dec 20, 2012 at 16:26
Peter was an accountant only - his firm may have given pension advise but not Peter. No record of him on the FSA register.
report thisGreen Eyed Monster via mobile
Dec 21, 2012 at 08:55
Perhaps he was authorised by ICAEW?
report thisMickey Mouse via mobile
Dec 23, 2012 at 09:53
This publication often get their facts wrong. What does one expect with reporters who have just only just got out of nappies!
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