VAT fraudster to repay £157k or more jail time
A Newcastle businessman, who was jailed for tax fraud, faces selling his sea front property, Land Rovers, and other assets, to repay £157,000 within six months, or spend another 18 months behind bars and still owe the money the money he stole
11 Sep 2017
Daron Carr was given a three year prison sentence for evading VAT and income tax after an investigation by HMRC in April 2016.
HMRC investigators found Carr, who was the company director for his interior fittings business, D Carr Interiors, lied about his income and fraudulently charged VAT to pocket £407,530 between 2011 and 2014.
At a confiscation hearing that took place in early September 2017 at Southwark Crown Court, Carr’s benefit from general criminal conduct was determined as £660,975. The value of available assets was calculated at £157,00, which Carr, who was also disqualified from being a company director for eight years, must now hand over.
Diccon Wood, assistant director, fraud investigation service, HMRC, said: ‘Carr deliberately set out to steal taxpayers’ money so he could buy luxury items beyond his means. Now he must repay his criminal proceeds.’
HMRC says Carr now might have to sell a house he owns on the North Sea coast in Beadnell, Northumberland, a property in Morpeth, and two Land Rovers, after a court ordered him to hand over the money.
Report by Pat Sweet