MTIC Fraud in Another Guise?

Seven people have been arrested in relation to an alleged MTIC (carousel) fraud as a result of a longstanding joint investigation by HRMC and Europol. It concerns credit swaps in the European Union carbon emissions credit market.

These arrests mark a reversal in policy by HRMC, who until recently have sought to deal with MTIC frauds by way of VAT tribunals.

MTIC frauds have, historically, been difficult for the Crown to prosecute successfully. They do not, however, present any problems for our team of defence specialists who have a tremendous record of success in this area. Contact Jeffrey Lewis.