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Property and cars utilized in alleged £161m VAT fraud
Two sisters from North Wales are on trial, accused of committing a £161 million VAT fraud after finding it difficult to make mortgage and car repayments.
Andrea and Roberta Vaughan-Owen allegedly attempted to obtain invoices for expensive items in order to create a huge VAT rebate bill, jurors at Caernarfon Crown Court were told.
According to prosecutor Paul Taylor, the pair set up companies, registering them with VAT officials and showing interest in buying expensive items in order to receive a VAT refund.
The sisters deny furnishing false information by submitting a claim for a VAT refund of £161 million in 2008, registering companies for VAT purposes and attempting to obtain invoices to substantiate a claim for a VAT repayment, insurance fraud, and being involved in fraudulent activity to obtain tax credit payments.
They fell into arrears with their mortgage payments in 2008 and repossession orders were started.
According to the Daily Post North Wales, Mr Taylor said in court: “They took steps to defraud the public purse of what is a large amount of money, £140,000 but the final charge against them, making a claim of £161 million, makes the first claim look almost trivial. But there are many pieces of evidence that shows they really did expect to get this money.”
It emerged that the older sister Andrea, 42, had allegedly made inquiries about buying a £3.5 million country house, while the younger of the two, Roberta, 37, attempted to order a Rolls Royce Phantom – worth more than £300,000 – and 12 Land Rovers, despite being unable to drive.
Roberta is also thought to have made an offer of £700,000 for a house on the market for £475,000. According to the prosecution, the sisters had planned to receive a loan from a finance company in order to fund the purchase of the house. However, because of a lack of evidence about their incomes, the loan failed.
The trial continues.
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