Missing Trader Intra Community (MTIC) VAT Fraud
More about Missing Trader Intra Community (MTIC) VAT Fraud
One of the most prevalent types of VAT fraud is the Missing Trader Intra Community (MTIC) or carousel fraud which involves the theft of VAT. This type of fraud concerns the abuse of the VAT rules on cross border transactions within the EU.
Typically, these types of fraud involve high value goods being purchased from another EU state free of VAT. The goods are then sold to a domestic purchaser with VAT being charged and the initial company (or another trader along the chain) goes missing without paying the VAT to HMRC. These types of cases usually involve complex chains of companies, with multi layered structures and 'back to back' transactions. In some situations, a purchaser will then export the goods and reclaim the VAT from HMRC.
We have extensive experience of dealing with these types of cases involving hundreds of millions of pounds and we have represented those involved in the mobile telephone and IT industry, carbon credit, precious metals and more recently the telecoms and VOIP sector.
We are regularly instructed in high profile cases of this nature and have been for a number of years including:
Operation Ghast
Operation Lychee
Operation Erasure
Operation Forebear
Operation Snowbank
Operation Carp
Operation Jammed
Operation Grassland
These type of investigations are complex and experience has shown us that early engagement with a business crime lawyer is essential.
We have extensive experience of dealing with these types of cases involving hundreds of millions of pounds and we have represented those involved in the mobile telephone and IT industry, carbon credit, precious metals and more recently the telecoms and VOIP sector.
We are regularly instructed in high profile cases of this nature and have been for a number of years including:
Operation Ghast
Operation Lychee
Operation Erasure
Operation Forebear
Operation Snowbank
Operation Carp
Operation Jammed
Operation Grassland
These type of investigations are complex and experience has shown us that early engagement with a business crime lawyer is essential.
Our dedicated Missing Trader Intra Community (MTIC) VAT Fraud Team
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0800 988 5124 - Monday - Friday: 09:00 - 17:00
Please note that our offices will be closed from midday, Friday 20th December 2024
The offices will be open as usual on Monday 23rd December 2024.
The offices will then be closed from Tuesday 24th December through to Wednesday 1st January (inc), reopening as usual from 2nd January 2025.
The emergency contact number during this time is - 01772 220022 or 01254 675050.