Skip to main content

Tax advisers arrested in suspected £132m tax fraud investigation

Press Release   •   Jul 21, 2016 11:42 BST

HMRC officers

Three tax advisers have been arrested as part of a HM Revenue and Customs (HMRC) investigation into a suspected £132 million tax fraud.

More than 30 officers from HMRC searched four residential and one business address during morning raids yesterday in the North West and Midlands. Computers, business and personal records were seized during the operation.

The arrests were made as a result of a HMRC investigation into a complex scheme involving offshore trusts used by professional financial advisers to facilitate UK individuals to avoid around £132 million in Income Tax.

Paul Maybury, Assistant Director, Fraud Investigation Service, HMRC, said:

“These arrests show that we are determined to tackle not only those suspected of tax fraud, but also the professionals who we believe abuse their position of trust to help them do it.

"The vast majority of taxpayers pay the tax they owe, but for those who don’t we will not hesitate to use our full range of powers to ensure that nobody is beyond our reach."

If anyone has information about tax fraud, please contact the HMRC 24-hour hotline on 0800 59 5000.

The three men have been interviewed and released on bail pending further enquiries.

Notes for Editors

1.Details of arrests:

-Man, 56, from Greater Manchester

-Man, 67, from Derbyshire

-Man, 59, from Warwickshire

2.One residential address was also searched in Cheshire and one business premises was searched in Greater Manchester.

3.Anyone with information regarding fraud is encouraged to contact the 24-hour Hotline on 0800 59 5000 or report it online via: http://www.hmrc.gov.uk/reportingfraud/online.htm

4.Follow HMRC’s Press Office on Twitter @hmrcpressoffice

5.HMRC’s Flickr channel www.flickr.com/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.