Man evaded £100,000 of tax

Ac­coun­tant jailed for 14 months

The Peterborough Evening Telegraph - - News - By Stephen Briggs stephen.briggs@peter­bor­oughto­ Twit­ter: @PTstephenB

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.

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