Man arrested on suspicion of £1million tax fraud in dawn raid on Ilford home
- Credit: PA Wire/Press Association Images
An Ilford man has been arrested on suspicion of being involved in a £1 million capital gains tax and income tax fraud during a dawn raid today (Thursday).
Officers from HM Revenue and Customs (HMRC) arrested a 54-year-old man at a house in Ilford.
They also searched a home in Manor Park, seizing business records and cash, arresting a 51-year-old man.
Alan Tully, assistant director of HMRC criminal investigation, said: “We are investigating what we suspect is a large-scale, organised tax fraud to steal £1 million of taxpayers’ money.
“Today’s operation is part of a HMRC property taskforce campaign to clamp down on those believed to be dodging capital gains tax.
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“It sends out a clear message – we will relentlessly pursue those believed to be involved in fraud.”
Both men are currently being questioned under caution by officers.
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Anyone with information about tax fraud should contact the Tax Evasion Hotline number on 0800 788 887.