Bolton accountant raided in fraud investigation

AN accountant from Bolton has been arrested as part of an investigation into tax fraud.

HM Revenue & Customs carried out morning raids on two properties and seized laptops, business records and mobile phones for forensic examination.

HMRC said the 27-year-old man is suspected of setting up a scheme to illegally claim income tax rebates on behalf of fictitious clients. He is also suspected of making false claims for VAT refunds and tax credits.

The man, whose identity was not disclosed, has been bailed until February. Investigations are ongoing.

Sandra Smith, assistant director of criminal investigation at HMRC, said: “This is an investigation into what we suspect is a well-organised, professional attempt to manipulate the UK tax system in order to steal around £50,000 – money which would otherwise be used to finance the UK’s vital public services.”

Officers also discovered a significant amount of cash which has been detained as the potential proceeds of crime.

The 27-year-old male is believed to have set up a scheme to illegally claim income tax rebates on behalf of fictitious clients. He is also suspected of making false claims for VAT refunds and tax credits.