Fake Clothes Gang’s £1m Tax Fraud
Sunday, 30th June 2019 at 4:18pmThe Telegraph & Argus website reports that four family members, who were convicted of selling counterfeit clothes, have been sentenced for a £1 million tax fraud after an investigation by HM Revenue and Customs (HMRC).
Brothers Yasir, Qaisar and Amar Choudry, and their brother-in-law Mudasar Alishan, were convicted for selling counterfeit clothes online, and whilst investigating their tax affairs, HMRC discovered the men failed to declare earnings from online sales to evade paying Income Tax, VAT and Corporation Tax.
Yasir and Qaisar ran a company called YMC Clothing Ltd selling goods online through eBay and Amazon and didn’t declare their business earnings or their personal income to HMRC, stealing £448,966 in taxes.
Amar and Alishan sold goods online using personal accounts and between them stole £575,244.
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