Fraudster gets eight more years for VAT scheme

clock

A convicted VAT fraudster has been sentenced to a further eight years in jail for failing to repay a £26m confiscation order.

Craig Johnson was originally convicted of a £20m ‘missing trader' VAT fraud in 2006 and was set to be released early next month despite a 12.5 year jail term. However, he has so far only paid around £4m of the confiscation order having been forced to sell assets including his stately home Meaford Hall in Staffordshire, three further UK properties, performance vehicles - including a Bentley and a Ferrari - Rolex watches and diamond jewellery. Robert Alder, assistant director for HM Revenue & Customs (HMRC), says: "This will send the strongest message yet to criminals that even in priso...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Starting young: Parents perfectly placed on financial education

Starting young: Parents perfectly placed on financial education

Maps developed a UK strategy for financial wellbeing

Jenna Brown
clock 17 April 2024 • 2 min read
UK inflation falls less than expected over March to 3.2%

UK inflation falls less than expected over March to 3.2%

Core inflation fell from 4.5% in February to 4.2%

clock 17 April 2024 • 2 min read
Financial implications to life events: What women need to consider

Financial implications to life events: What women need to consider

Divorce is an emotional process and advisers must adapt to client needs

Jenna Brown
clock 17 April 2024 • 3 min read