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Tax scam director sentenced
00:00 02 Dec 1998
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A construction company director has been sentenced to nine months
imprisonment, suspended for 18 months, for cheating the Inland
Revenue. John Barry, a director of Coventry-based Hibernian
Development Company (HDC), pleaded guilty to four charges relating
to the misuse of 714 certificates.
Under the 714 system, subcontractors receive gross payments from contractors and are supposed to issue a 715 voucher as a receipt. Barry submitted a number of 715 vouchers to the Inland Revenue for bogus subcontractors.
The fraud was discovered when HDC submitted 715 vouchers to the Inland Revenue in the name of DV Duxbury who when interviewed stated that his vouchers had been lost. Further suspect vouchers were submitted in the names of Costello, G Heel and DB Bowell. A subcontractor, J Healy, was subsequently arrested and admitted to the sale of 715 vouchers.
Under the 714 system, subcontractors receive gross payments from contractors and are supposed to issue a 715 voucher as a receipt. Barry submitted a number of 715 vouchers to the Inland Revenue for bogus subcontractors.
The fraud was discovered when HDC submitted 715 vouchers to the Inland Revenue in the name of DV Duxbury who when interviewed stated that his vouchers had been lost. Further suspect vouchers were submitted in the names of Costello, G Heel and DB Bowell. A subcontractor, J Healy, was subsequently arrested and admitted to the sale of 715 vouchers.
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