Online seller sentenced for £323k VAT fraud

An online seller who hid auction sales worth more than £2.6m from HMRC has been given a suspended prison sentence for a £323,000 VAT fraud

Daniel Waslin, from Cottingham, near Hull, ran two online shops selling remote control golf trolleys and garden furniture imported from China, but declared no sales to HMRC.

Import checks raised suspicions about Waslin’s activities and a subsequent investigation revealed that he had made more than £2.6m between 2010 and 2015 from his UK Leisure World and Active Sport and Leisure stores, but evaded paying £323,000 in VAT by not registering with HMRC.

At Hull Crown Court Waslin admitted VAT evasion and was sentenced to two years in prison, suspended for two years, and 250 hours unpaid work. The £323,000 has been repaid.

Jo Tyler, assistant director, fraud investigation service, HMRC, said: ‘Waslin showed utter contempt for the tax system to line his own pockets with money meant for our public services. He thought his online trading would go unnoticed, but he was wrong and now he’s paying the price.’

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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