The proprietor of Moughal Motors in Bury has been sentenced for fraudulent evasion of Income Tax and VAT after under-declaring his income and failing to register for VAT.
Second-hand car dealer Rashid Amin Moughal, aged 45, was sentenced to 22 months in prison (suspended for 2 years) recently; after admitting evading taxes of £113,000 by under-stating his turnover and not paying VAT.
HM Revenue and Customs investigators obtained auction house records and compared them to Moughal’s Self Assessment Tax Returns, and his bank accounts: proving that he had understated his sales and purchases to avoid having to register for VAT, and to evade Income Tax.
Moughal had been buying and selling cars since 2009 but he only registered as a self-employed in July 2011: and his subsequent tax returns were described by HMRC as “a web of lies”. The taxman is seeking a Confiscation Order to recover the stolen taxes.
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