Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Party promoter jailed over £87k phoney VAT claim

Party promoter jailed over £87k phoney VAT claim

A Tyne-and-Wear entrepreneur has been jailed after failing to repay £87,509 she had claimed in fraudulent VAT refunds.

Claire Gould was handed a two year suspended prison sentence in September 2016, after HM Revenue and Customs (HMRC) discovered she used phoney invoices to claim VAT refunds through her party and events businesses.

The suspension was conditional on repayment of the full amount claimed. Gould has now been jailed for 504 days and still owes the money.

Gould said she spent £1.25 million on goods and services for her businesses, based in Houghton Le Spring, outside Sunderland.

But an investigation revealed this was a lie and Gould used fake invoices in an attempt to fraudulently claim £175,000 VAT refunds, of which £87,509 was paid.

Gould only paid £7,000 towards the confiscation order. Her debt of £80,509, plus interest totalling £9,936, remains and increases by £17.65 a day until paid.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Play CEO Tapes: 'We don't care about the average fund manager'

CEO Tapes: 'We don't care about the average fund manager'

The bosses of 13 asset management groups recently came to Citywire London HQ for two separate round table discussions.

Read More
Your Business: Cover Star Club

Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

Wealth Manager on Twitter