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Crooked accountant cooks books in £365,000 tax fraud

Press release   •   Dec 19, 2012 10:21 GMT

A Surrey accountant who fiddled his VAT and pocketed the tax and national insurance contributions paid by his staff has been jailed.

Chartered accountant Peter Rose, 65, of Tadworth, runs Mayfair Associates (Surrey) Ltd, offering pensions advice, accountancy and book keeping services. But he used a redundant VAT number to invoice his clients, and £150,000 VAT he received from customers was never paid to HM Revenue and Customs (HMRC).

Rose’s fraud didn’t stop there. He defrauded his own staff over a nine-year period by keeping £150,000 in Pay As You Earn (PAYE) and national insurance contributions he had deducted from their salaries. He also failed to pay £65,000 income tax or national insurance on his own earnings

John Pointing, Assistant Director for Criminal Investigation HMRC, said:

“Peter Rose conned his clients and his own staff by persistently and deliberately committing fraud. He may have thought his professional skills made his crimes undetectable, but he was wrong.

“HMRC is increasing its resources and efforts to track down and investigate tax fraud. We will not hesitate to seek out these fraudsters – we owe it to the honest and law-abiding to do so.”

Rose was arrested by HMRC officers in July 2012. He admitted the offences at a previous hearing and appeared at Guildford Crown Court today. He was sentenced to two years imprisonment. 

Anyone with information about people or businesses involved in this type of fraud can contact HMRC on the Tax Evasion hotline on 0800 788 887 or via the website at http://www.hmrc.gov.uk/reportingfraud/online.htm


Notes to Editors

1. Defendant’s details: Peter Rose (16/09/47) of 11, The Hudsons, Tadworth, Surrey KT20 5TZ.

2. Rose was charged with mortgage fraud and offences contrary to the VAT Act 1994 and the Fraud Act 2006. He was sentenced to two years imprisonment at Guildford Crown Court on 18 December 2012.

3. A photo of the defendant is available on HMRC’s flickr channel www.flickr.com/hmrcgovuk 

4. Follow HMRC on Twitter @HMRCgovuk

Issued by HM Revenue & Customs Press Office

HM Revenue & Customs (HMRC) is the UK’s tax authority.

HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.