Newspaper article Manchester Evening News

Fashion Boss in £120,000 VAT Scam Starts Payback

Newspaper article Manchester Evening News

Fashion Boss in £120,000 VAT Scam Starts Payback

Article excerpt

A CLOTHING boss stole almost £120,000 by forging VAT documents.

Abdul Majeed, 42, used legitimate invoices as templates to create false sales and purchase documents, HMRC said. He then used the fake invoices as evidence of UK and overseas sales and purchases that didn't exist.

The wholesaler used the scam to fraudulently reclaim £119,624 in VAT repayments, though £14,353 was withheld.

An HMRC investigation was launched and Majeed , who ran fashion firms Majtex Limited and Majtex International Limited in Rochdale, was offered the opportunity to admit any tax irregularities within 60 days, known as a Contractual Disclosure Facility. He ignored the offer so HMRC launched a criminal investigation into the clothing firms and the suspected VAT evasion. Shortly after, Majeed deregistered Majtex International Limited for VAT. …

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