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Adviser jailed for two years over VAT fraud

Peter Rose VAT fraud 200

An adviser and chartered accountant has been jailed for two years after he charged clients £150,000 in VAT which was never paid to HM Revenue & Customs.

Peter Rose (pictured), who offered pensions advice, accountancy and book keeping services through Mayfair Associates (Surrey), used a redundant VAT number to invoice his clients.

Rose also defrauded staff over nine years by keeping £150,000 in pay as you earn and national insurance contributions he had deducted from their salaries. He also failed to pay £65,000 in income tax and national insurance on his own earnings.

Rose was sentenced this week at Guildford Crown Court, after being arrested by HMRC officers in July 2012 and admitting offences at a previous hearing.

HMRC assistant director for criminal investigation John Pointing says: “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.

“HMRC is increasing its resources and efforts to tracking down and investigating tax fraud. We will not hesitate to seek out these fraudsters – we owe it to the honest and law-abiding to do so.”

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  1. How on earth does it take so long for HMRC to uncover this sort of stuff? if he has staff, surely he has to submit an annual return and any errors ought to be spotted fairly quickly…

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