A construction boss has recently been jailed for tax fraud after cheating HMRC out of £350,000 in VAT payments.

The construction boss, 63-year-old Stephen Love, was found guilty of pocketing his customer’s VAT payments. Both the company director at J B A Martin Ltd, Mr Love also worked as an accountant for Wessex Accountants Ltd who looked after the books of the company.

Richard Wilkinson of HMRC stated: “Stephen Love kept the VAT he charged his customers.”

“As an accountant, he should have known better, but he abused the position of trust his profession put him in to steal the money that should have been funding public services.”

“Tax fraud will not be tolerated and HMRC is working to create a level playing field for legitimate local businesses who cannot compete with their criminal competitors.”

Pleading guilty to his crimes, Mr Love was sentenced to two years and three months in prison. The judge of the case also added: “you knew what you were doing as a fully-trained accountant.”

“This was a serious offence and the criminal act has an impact on your family.”

Reports of jailed tradesmen have also hit the news in other headlines too. One cowboy builder who was jailed after fleecing his customers out of thousands is now also taking a plastering course in prison! Take a look at the full report here.

So what do you think of this? Let us know in the comments below.

Source: www.constructionenquirer.com

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