The latest scandals and penalties including a businessman who hid true income in £83k tax fraud, jail for farmers who milked £1.9m in VAT scam, heating company accounting records ‘hot air’
Businessman hid true income in £83k tax fraud
A Staffordshire businessman who hid his true earnings to evade £83,000 in tax and faked official documents to obtain a mortgage, has been given a suspended jail sentence after an HMRC investigation.
Thomas Kavanagh from Tamworth claimed to be a self-employed motor dealer, trading as TK Motors (Birmingham) Ltd since at least 2009. HMRC began looking into Kavanagh’s financial affairs after an examination of his VAT returns raised concerns, but could find no self assessment tax return or other employment tax record between 2005 and 2011.
Further investigations by HMRC discovered Kavanagh had remortgaged his family home in 2012 by claiming he worked as a transport manager for a separate Birmingham company. He supplied the Coventry Building Society with fake payslips showing he earned nearly £110,000 as an employee in the 2010-2011 tax year. All the documents he submitted were false, using fake PAYE references, and forged P60 end of year paperwork.
