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Porn boss jailed for VAT fraud

Kenneth Drake, from Chatham, Kent, was jailed today after pleading guilty to submitting false VAT repayment claims to HMRC.

He admitted submitting fake documentation, which he created himself, to support claims relating to purchases and sales of adult magazines and DVDs for his company ‘Top Shelf’. HMRC officers discovered that Drake claimed to have paid VAT on goods purchased from three companies that didn’t exist.

He was jailed for 16 months after sentencing at Lewes Crown Court today.

Martin Brown, Assistant Director of HMRC Criminal Investigation said Drake 'got greedy' and that the sentence was a 'warning' to anyone considering committing this type of fraud. HMRC are clamping down on VAT fraudsters and are pledging to invest more time and resources to identify tax cheats.

Just last week HMRC published a list of their 'Most Wanted' tax criminals.


 

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