A disqualified company director from Corby who carried out VAT fraud worth £254,000 using fake invoices has been jailed for two years after an investigation by HM Revenue and Customs (HMRC).
Keith Vallance, 63, of Oxford Road, didn’t register any of his companies for VAT. However, he used invoices with fictitious VAT numbers or numbers from deregistered companies to charge his customers VAT, which he then pocketed.
Vallance pleaded guilty to the fraud, which involved three companies where he acted as the controlling operator while disqualified from being a company director.
Carolyn Norsworthy, assistant director of criminal Investigation for HMRC, said: “Vallance knew that he was breaking the law, yet chose to overlook it for the opportunity of making what he wrongly assumed would be easy money, at the expense of the UK taxpayer. He now has to pay a very high price for his criminal activities.
“Tax fraud is a serious offence and is treated as such by the justice system. I urge anyone with information about people or businesses involved in such fraud to contact HMRC’s tax evasion hotline on 0800 788 887.”
Last month, at Northampton Crown Court, Vallance pleaded guilty to two counts of cheating the Public Revenue and one count of contravening a disqualification undertaking made under the Company Directors Disqualification Act 1986. On Friday, April 4,at Northampton Crown Court, he was sentenced to two years in prison for cheating the Public Revenue contrary to Common Law.
He was also sentenced to six months jail, to run concurrently, for contravening a disqualification undertaking made under Company Directors Disqualification Act 1986.
Vallance was disqualified from being a director of a company for a further seven years.
Tax fraud can be reported online at www.hmrc.gov.uk/reportingfraud/online.htm.