Missing trader VAT fraud involves obtaining VAT registration to
purchase goods VAT-free from EU Member States. These goods are then
sold at VAT inclusive prices, so that the fraudsters disappear
without paying over the VAT paid by their customers to the tax
authorities.
The Customs and Excise operation was launched with 30 raids in
homes and business premises throughout the UK. Searches were also
carried out in Holland.
Neil Dawe, of Newquay, Cornwall and Dean Simons, of Hinckley,
Leicester were charged with VAT offences. Darren Cleveley, David
Dwyer, and Brian Tucker, of Birmingham, were charged with money
laundering offences, along with Leroy Mcintosh, of Berkswell in
Coventry and Michael Marsden of Barking, Essex.
They were arrested on Tuesday, along with 16 other
individuals. The investigation is continuing.
