VAT fraudster accountant jailed for four years

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An Essex accountant was jailed last week after being found guilty of claiming £340,000 in fraudulent VAT repayments.

Shahzad Rubani of Ilford, Essex, pleaded guilty at the Old Bailey and received a four year, three month jail sentence. He was also disqualified from being a director for seven years. 

Rubani, a qualified accountant and ACCA member, was the principal organiser of the fraud which involved him and associates he recruited. 

A 2012 investigation by HMRC discovered that Rubani and his associates had set up a number of VAT registered companies for the purpose of committing fraud. 

The accountant amended company accounts and submitted fake VAT returns for non-existent clients, claiming repayments that were not due. 

In addition, he claimed...

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Comments
JCresswellTax's picture

Good work HMRC

JCresswellTax | | Permalink

For once, a congratulations is in order :)

VAT Fraudster    1 thanks

Oppco | | Permalink

Yes, the more like him that can be got rid of, the better

Rubs off on all of us; more so as he was qualified

 

a disgrace

The Black Knight | | Permalink

A disgrace.

but well done law enforcement for a change.

need some more though!

Next move?

secondhand_22 | | Permalink

Of course, nothing to stop him practising when he comes out.

Absolutely nothing.

So enforcing the law has achieved something.  But the law isn't good enough.

Qualified or unqualified, we need to stop rogues striking again

Best news of the day. Catch

14931125 | | Permalink

Best news of the day. Catch some more.

johnjenkins's picture

@secondhand

johnjenkins | | Permalink

Never mind when he comes out, there's nothing stopping from running it inside.

Never enough

jholmes | | Permalink

The frustration is that he will probably only do 2 years, 18 months of which will be in an open prison, from which he may even be given day release in order to ...... you guessd it.... work!