Man evaded £100,000 of tax
Accountant jailed for 14 months
A qualified accountant from Peterborough, who stole more than £100,000 in VAT he charged his customers but never paid to HM Revenue and Customs, has been jailed for more than a year by a crown court judge. Malcolm Rash, (69) , of West Street, KingsCliffe, waslocked up for 14 months after admitting tax evasion.
Rash was the director of Riverside BusinessLtd, which was investigated by HMRC who found invoices charging companies for his management services that included VAT but he kept all the money he collected, which added up to more than £111,000
Colin Spinks, Assistant Director, Fraud Investigation Service, HMRC, said he welcomedthesentence- andsaid the jail term would be a warning to others considering tax evasion.
Mr Spinks said: “Rash thought he had come up with a plan to avoid paying the full tax owed.
“Buthecouldnothavebeen more wrong as HMRC will always pursue those suspected of tax fraud.
“Tax evasion is not a vic- timless crime.
“Rash was stealing money that should have been funding vital public services, but instead chose to keep it for himself. Now he is paying the price behind bars.”
Rash was interviewed under caution in connection with the offences in January 2016 and was charged with the fraudulent evasion of Value Added Tax in August 2016.
Rashadmittedtheoffences at Peterborough CrownCourt on Tuesday, January 3 and was sentenced to 14 months in prison.
A spokesman for HMRC said confiscation proceedings areinplacetorecouptheprofits of his crime.