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VAT fraud company boss avoids jail sentence.

A company director has avoided jail after fiddling invoices to commit an PS87,000 VAT fraud.

George Carnegie claimed backed tax on fake bills that were never paid while he was heading up the Amble-based CAS-AIDS Ltd, which manufactures products that are used in first aid.

The 52-year-old conned HM Revenue and Customs (HMRC) to the tune of PS87,006.81 until his deceit was uncovered when the company was visited by a tax officer, Newcastle Crown Court was told.

Now, the dad-of-four, of The Wynd, Amble, Northumberland, has been given a 12-month prison sentence, suspended for 18 months, after he pleaded guilty to being knowingly concerned in the fraudulent evasion of VAT.

Mr Recorder Wheeler told Carnegie he was giving him a chance in not sending him directly to jail. He said: "You fall to be sentenced for one matter of defrauding HMRC by falsely claiming back VAT you were not entitled to.

"The aggravating feature is the period of time it went on, almost four years.

"In total, you recovered PS87,006.81 from HMRC. You were effectively claiming back from HMRC VAT that you had not paid."

William Byrne, mitigating, said Carnegie hadn't benefited himself from the money but had ploughed it back into the company to keep it afloat and pay wages.

The court was told Carnegie plans to pay the money back to HMRC over the next 18 months.

As well as being given a suspended sentence, he was also given a three-month curfew from 9pm until 6am.

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Publication:Evening Chronicle (Newcastle, England)
Date:Oct 30, 2017
Words:253
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