Accountant and former Langbar International chief executive Geoffrey Stuart Pearson will go before a disciplinary board next month in relation to his involvement in a multi-million pound fraud.
Big Four firms KPMG and Ernst & Young have been cleared of responsibility for a $1.7bn (£1.1m) accounting fraud that took place at Japanese company Olympus.
A new “amnesty” facility by HMRC to tackle suspected tax fraud using civil powers has been welcomed by the Chartered Institute of Taxation (CIOT).
BDO Accountancy Firm say the value of reported fraud nationally rose to more than £2bn, which is a 50 per cent increase on last year’s figure.
Ex-policeman Nigel Cranswick has been jailed for 10 years after setting up a fake technology firm to claim back £330m in VAT - the largest VAT fraud case of its kind.
A Wolverhampton phone retailer has been jailed for committing VAT fraud worth £754,000.
A South African national who attempted to steal around £5m through tax fraud has been jailed for two years by the Old Bailey.
Each year some £11.5bn worth of value added tax (VAT) is lost to the state.