Jail for £205,000 VAT fraudster
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The former director of an Aberdeen scrap metal firm who admitted running a VAT fraud amounting to in excess of £200,000 has been jailed for 18 months.
HMRC found that Russell Goodenough, 47, obtained £205,600 by fraud between July 21 and October 17, 2011 while acting as sole director of scrap metal company T’ir Trading Ltd.
In December Goodenough, of Auchterarder in Perthshire but whose address was given in court papers as Ellon, pleaded guilty to forming a fraudulent scheme to obtain money when he appeared at Aberdeen Sheriff Court.
The court heard how, while director of the firm, Goodenough imported quantities of scrap metal from abroad on which no VAT was payable.
On repeated occasions, Goodenough then sold scrap metal to a number of other firms.
Invoices relating to the sales specified that VAT was included.
Goodenough collected the money representing the VAT on the sales and thereafter failed to properly account for the money to Her Majesty’s Revenue and Customs (HMRC).
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