VAT fraudster accountant jailed for four years

Share this content

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...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

About Rachael Power

Your friendly, neighbourhood community editor. 

Twitter: @rachpower10 


Please login or register to join the discussion.

06th May 2014 13:47

Good work HMRC

For once, a congratulations is in order :)

Thanks (0)
By Oppco
07th May 2014 11:57

VAT Fraudster

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


Thanks (1)
07th May 2014 17:15

a disgrace

A disgrace.

but well done law enforcement for a change.

need some more though!

Thanks (0)
17th Mar 2015 17:00


Thanks (0)
08th May 2014 02:32

Best news of the day. Catch some more.

Thanks (0)
08th May 2014 11:38


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

Thanks (0)
By jholmes
09th May 2014 09:40

Never enough

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!

Thanks (0)
28th Jan 2015 06:22

Suddenly I am feeling great after reading the prison sentences on fellow accountants. Good work by hmrc. Don't stop. Keep at it

Thanks (0)