An Essex based Certified Chartered accountant was imprisoned this week, after being found guilty at the Old Bailey, along with 4 other men, for a tax scam involving false VAT repayment claims of £340,000.
Mr Shahzad Rubani (age 47) of Ilford, is a qualified accountant and a member of the Association of Chartered Certified Accountants (ACCA). He was the principal architect of the tax fraud. He was jailed for four years and three months. His fellow guilty co-conspirators were: Mr Kasser Hussain (age 48) of Norwood Green, Middlesex, who got 27 months in jail; Mr Islam Akram (age 43) of Colindale, London (sentencing adjourned for 6 weeks); Mr Imran Khan (age 23) of Ilford, Essex, sentenced to 2 years in prison; and Mr Jonathan Leslie William Burns, (age 42) also of Ilford, Essex, who got 3 years jail time.
HM Revenue & Customs tax inspectors discovered that Rubani and his associates had set up a chain of VAT-registered companies purely to commit fraud: although Akram’s company (UK’s Best Ltd) was genuinely trading in the sale of household goods. Rubani altered business accounts and submitted false VAT returns for these “clients”, claiming repayments that were not due.
What Does This Mean For Me?
This is further evidence of the vastly increased number of tax investigations which are now being conducted on criminal lines.
How Could Lynam Tax Enquiry Experts Help Me?
Lynam Tax Enquiry Experts have a vast amount of practical experience in managing serious tax fraud investigations. If you are worried about a tax enquiry we can advise you on the best course of action. If appropriate, we can help you manage any necessary disclosures. If you are facing criminal charges we can help you obtain first class legal representation, in order to obtain the optimum outcome for you, your business and your family.
*For a free, private, no obligation consultation, call
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