VAT Tax Fraudster Loses Challenge To £6.8M Fine

Law360, London (April 3, 2019, 6:05 PM BST) -- An appeals court in London on Wednesday refused to overturn a £6.8 million ($8.93 million) fine imposed on a defunct company for value-added tax evasion, finding British tax authorities can penalize its director for claiming a refund he wasn't allowed. 

The Court of Appeal said Wednesday that Her Majesty's Revenue and Customs had the authority fine a company called Waterfire Ltd. as well as sanction its director, Umaad Butt, £3.1 million for claiming a tax refund on fraudulent transactions. In an 18-page unanimous decision, the court rejected Butt's challenge, upholding an Upper Tax Tribunal ruling that HMRC could impose criminal-level fines...

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