Being questioned or charged with Carousel MTIC fraud will be worrying and stressful for you, but we can help you to understand exactly what charges you are facing and what your next steps should be.
Carousel MTIC is a complex fraud which is undertaken with a number of different companies involved. Whilst all of the companies may not be complicit in the fraud, there will need to be thorough investigation carried out and this have a negative impact on your business , whether your business is actually involved or not.
A number of different agencies will be involved in investigating you and your business which is why it is extremely important to seek advice from an experienced criminal fraud defence solicitor as early as possible.
Carousel MTIC fraud can also be known by its full name, which is Carousel Missing Trader Intra Community Fraud.
It is complicated to explain, but essentially Company 1 (registered for VAT in UK) will buy products from a supplier in the EU, and these goods will be zero rated for VAT as this is allowed as a transaction between two VAT registered companies in Europe, called ‘an intra community transaction’. Company 1 will then sell on the goods including VAT to another company in the UK, we’ll call them Company 2. Company 2 will sell on the goods again, including VAT to Company 3. Next Company 3 will sell on the goods again, including VAT to Company 4, who then sells the goods back to Company 1, and the whole process begins again.
Company 1 is the missing trader in this scenario, and companies 2, 3 and 4 may not be part of the fraud.
You are facing serious fraud charges but we can help you to be clear about what these charges are, how they will impact you and what they may mean for your future and that of your business too.
When you are at the police station being questioned, you are entitled to request free and independent legal advice from a solicitor of your choice, so you should stop immediately and pick up the phone to call us on 03330 096 275 or if it is outside of office hours you can call us on our 24 Hour emergency number, 07956 352945.
We are an experienced and professional team of criminal fraud defence solicitors, who have been working hard to build the reputation we now have as being one of the leading fraud defence solicitors. We will use all of our experience and skills when defending you against the charges you are facing.
Whilst you may have concerns about the cost of hiring a solicitor, you may qualify for legal aid, which is now means tested. If not, we will be clear and up front about our fees and our rates are very competitive.
Don’t leave your future to chance, call us today so we can discuss how we can help you.
If you need help with a Carousel MTIC Fraud case, you can get in touch with us in a number of different ways.
If you would like to call us you can on 03330 096 275 or if you need our help outside of office hours you can call our 24 Hour Emergency number, 07956 352 945.
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