Arrests made over suspected multimillion-pound tax fraud after raids across West Midlands
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Six men were arrested following an investigation into a suspected multimillion-pound research and development tax fraud.
A 61-year-old man, from Worcestershire, and a 65-year-old man, from Solihull, were held in connection with a probe by HM Revenue and Customs (HMRC).
More than 70 officers from HMRC searched seven private and two business addresses across the West Midlands and the South of England on Thursday 10 December.
Computers and records were seized during the operation. The men arrested were interviewed by HMRC and released under investigation.
Investigations are continuing.
Steve Doyle, assistant director, fraud investigation service, HMRC, said: “HMRC reviews tens of thousands of claims for R&D tax relief each year with a significant increase in the scope, value and take-up of these reliefs in recent years.
“We are committed to tackling error and suspected fraud in research and development tax reliefs. Anyone with information about any type of tax fraud can report it to HMRC online or call our Fraud Hotline on 0800 788 887.”