Coalisland businessmen arrested in £640k tax fraud investigation

HMRC

HMRC

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Two businessmen from Coalisland, believed to be connected to a suspected Income Tax and VAT fraud estimated at £640,000, have been arrested as part of an investigation by HM Revenue and Customs (HMRC).

HMRC officers searched a business and two private addresses in the Coalisland area yesterday (Tuesday) where they seized business records, computers and phones.

Mike Parkinson, Assistant Director, Criminal Investigation, HMRC, said: “HMRC takes tax fraud extremely seriously and anyone deliberately choosing to evade the taxes they owe should expect not only a hefty fine, but possibly a criminal prosecution as well.”

Both men were questioned by HMRC and have been released on bail. Investigations are continuing.