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Crooked property developer sentenced for VAT fraud

Press Release   •   Apr 09, 2018 12:20 BST

Crooked property developer sentenced for VAT fraud

A city accountant turned property developer who created false invoices to commit £260,000 VAT fraud has been sentenced.

Parvez Ahmed, 43, of Sidcup, Kent, fraudulently claimed £266,556 in VAT repayments for expenses he said were incurred while renovating apartments near Spitalfields, London.

But an investigation by HM Revenue and Customs (HMRC) revealed Ahmed exaggerated his expenditure by submitting falsified bank statements to increase VAT repayments he claimed. Checks with his bank and suppliers uncovered the extent of his lies.

Mark Cox, Assistant Director, Fraud Investigation Service, HMRC, said:

“Ahmed unlawfully claimed VAT that he wasn’t entitled to and as a result diverted funding for vital public services into his own pocket. He was caught out when HMRC carried out scrupulous checks on his accounts.

“HMRC is levelling the playing field for honest businesses, investing more time and effort than ever into tracking down those who attempt to rip off the public. Tax fraud is a serious crime and I ask anyone with information about those who may be involved to contact HMRC online or call our Fraud Hotline on 0800 788 887.”

Ahmed pleaded guilty to VAT fraud on 9 February 2018 at Croydon Crown Court. On 6 April 2018, at the same court, Mr Recorder Weatherill QC sentenced him to 15 months in jail, suspended for two years. Ahmed was also ordered to complete 250 hours of unpaid work.

The judge, Mr Recorder Weatherill QC, told Ahmed he had a ‘chance to go straight’ but that his ‘reputation was in tatters’ and he was unlikely to find employment in the banking world. He said: ‘You must regain your reputation the hard way, so go away and don’t reoffend.’

Confiscation proceedings to recover proceeds of the crime are under way.

Notes for editors

1.Parvez Ahmed, DOB: 09/02/1975, of Rangeworth Place, Sidcup, Kent, was the sole owner and director of HPAS Consulting Ltd – formerly known as JJPA Consulting Ltd.

2.He pleaded guilty to four counts of being knowingly concerned in the fraudulent evasion of VAT, contrary to section 72 of the VAT Act 1994, at Croydon Crown Court on 9 February 2018.

3.He was sentenced at Croydon Crown Court on 6 April 2018 to 15 months imprisonment, suspended for two years. The sentence was concurrent on all four counts. He was also ordered to complete 250 hours of unpaid work.

4.Anyone with information about people or businesses involved in tax fraud can report it online at https://www.gov.uk/report-an-unregistered-trader-or-business or contact our HMRC Fraud Hotline on 0800 788 887.

5.Follow HMRC’s press office on Twitter @HMRCpressoffice.

Issued by HM Revenue & Customs Press Office

Press enquiries only please contact:

Lucy Collins

Press Officer for the South East of England

Tel: 03000 525872 / 07900 394 601

Email: lucy.collins@hmrc.gsi.gov.uk

Out of hours

Tel: 07860 359 544

Website www.gov.uk/hmrc

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.