Value Added Tax - VAT MTIC or Carousel Fraud

Admiral Tax Investigations provide specialist advice and representation, throughout the UK, for individuals or businesses suspected of having committed offences involving VAT fraud.

Carousel fraud, otherwise known as Missing Trader Intra Community Fraud (MTIC Fraud) often involves very complex inter company trading arrangements between UK and European Union based companies.

These arrangements, generally involving goods, such as computer chips and mobile phones are often referred to as computer chip or mobile phone frauds.

Definition of carousel fraud

The term "carousel" stems from the complex loop or chain of companies involved in such an arrangement - which is specifically designed to avoid VAT.

Enquiries by HM Revenue and Customs and other investigative bodies into VAT Carousel fraud and VAT fraud generally are always protracted, extremely wide ranging and of course incredibly stressful affairs.

Quite simply, specialist intervention is absolutely vital as soon any irregularities are identified.

Prison Sentence

HMRC will consider a criminal prosecution in the most serious cases of VAT fraud - particularly where an unprompted discovery is made.

A conviction is likely to result in a substantial prison sentence, alongside the issue of a confiscation order under the Proceeds of Crime Act 2002.

If you have any questions or concerns regarding VAT carousel fraud or Missing Trader Intra Community Fraud then please contact Admiral Tax Investigations immediately.

A specialist VAT investigation consultant is on hand to take your call 24 hours, 7 days.

Admiral Tax Investigations guarantee all fees up front, so you our client can plan appropriately and worst of all avoid any unexpected billing surprises.

For a no commitment, confidential discussion about how we can resolve your tax investigation and save you money, contact Admiral Tax Investigations day or night:

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