If you are experiencing VAT repayments being withheld, enquires and investigation or prosecutions in relation to MTIC (more commonly known as Carousel Fraud) our specialist fraud solicitors can assist you.
Many businesses come under VAT scrutiny, however those businesses buying and selling mobile phones, computer components, electronic storages mediums and electronic devices used for storage are more likely to require defence specifically in relation to Carousel Fraud.
This specialist type of fraud basically involves goods being imported VAT free from E.U. countries and sold on at VAT inclusive prices. The companies involved in this detailed chain of trading then disappear without paying VAT due to the governing body of the country.
Cases involving MTIC fraud are complex often due to the number of businesses involved in the chain and the trading relationship. It can be difficult to unravel and demonstrate what has occurred and what has knowingly occurred in relation to VAT.
Our fraud team has dealt with those facing prosecution and trial for large scale Carousel fraud where the defendant could face imprisonment and action under the Proceeds of Crime Act, with trials exceeding several months in duration. We have successfully defended clients in this field and have a detailed understanding of the new ‘reverse charging’ regulations and the compliance requirements for various EU countries.
We offer a free initial consultation, so please contact our Fraud solicitors to see how we can assist you: 01942 774161 or complete our online enquiry form.
