Carousel Fraud Representation

If your business has been caught up in a HMRC carousel or VAT fraud investigation, contact the business crime lawyers at JMW. Carousel fraud is, by its very nature, extremely complex. Our experienced team of carousel fraud solicitors will be happy to offer some initial advice on your situation and, if necessary, will defend your business in a HMRC investigation.

To find out more about carousel fraud and how it applies to you, contact JMW today on 0345 872 6666, or fill in our online enquiry form and we will get back to you.

What is Carousel Fraud?

Carousel fraud typically involves the importation of high value technical goods, such as mobile phones, from EU countries. These goods are initially purchased VAT-free, but are sold on by UK traders at VAT-inclusive prices. The original trader, or a trader somewhere along the chain, then disappears without paying VAT to HMRC. In some situations goods are then sold back to another E.U. country and the exporter reclaims VAT from HMRC.

It is very easy for honest traders to get caught up in a carousel fraud, as often the perpetrators of the fraud include a number of legitimate businesses in the chain in order to avoid arousing suspicion. Traders can also find themselves under suspicion of carousel fraud purely because they have begun to import high value goods.

Defending Carousel Fraud Allegations

Carousel and VAT fraud cases are very complicated and it's worth remembering that as often as HMRC correctly identifies a fraudster, they seek to prosecute an innocent business. If you are targeted by a HMRC investigation, the first you know of it could be your bank accounts being frozen under the terms of the Proceeds of Crime Act 2002.

If you are contacted by the HMRC in relation to a carousel fraud prosecution, the first thing you should do is contact an experienced business crime and carousel fraud solicitor to discuss your options.

Contact JMW

Contact us today for legal advice on VAT fraud and UK business crime law. We represent businesses nationwide on such matters, including those in London and Manchester. Simply call 0345 872 6666 or fill in our online enquiry form and we will be in touch to discuss your case.

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