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Trainee accountant guilty of £30,000 VAT fraud

09 November 2018

Blackburn-based trainee accountant, Keiron Edmondson, received a suspended sentence at Preston Crown Court recently, after he pleaded guilty to creating fake invoices to fraudulently reclaim VAT.

An HMRC investigation found Edmondson had submitted 12 phoney invoices from his company Block Toy Store to his wife’s business Cakealicious Cakes, for non-existent work.

The PQ accountant then reclaimed £30,952 VAT through his wife’s business.

In order to cause confusion the court was told Edmondson then transferred the stolen money between his and his wife’s account on ‘multiple occasions’.

HMRC’s Tim Atkins said: “Edmondson abused his financial knowledge, his employer’s trust and the public purse. He cooked up a batch of fake invoices to steal…and now has a criminal record to show for his greed.”

Edmondson admitted VAT fraud and money laundering and was sentenced to 12 months for the VAT offences and 8 months for money laundering. Both were suspended for 18 months. He must also complete 200 hours of unpaid community work in the next 12 months. Proceedings have also started to reclaim the stolen money.

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