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Swansea scrap metal dealer sentenced for VAT fraud

Suspended prison sentence for city businessman

A Swansea businessman has been sentenced for VAT fraud after an HM Revenue and Customs (HMRC) investigation into his scrap metal companies.

Richard Williams, 53, of Yr Hafan, Swansea, failed to fully declare the sales from his companies between 2012 and 2015, or pay £184,994 VAT in the same period.

Williams was a company director and ran his businesses from an address at Swansea Enterprise Park. In 2008 he formed Abertawe Metals Ltd, before incorporating Abertawe Metal Recycling Ltd in October 2014.

Richard Wilkinson, Assistant Director, Fraud Investigation Service, HMRC, said: “Williams stole from the taxpayer and thought he could simply pocket the money, which should have been funding vital public services. He was wrong and is now paying the price with a criminal record.

“Most people pay the tax they owe, when they owe it, but a small minority think they are above the law. No matter how well you think you’ve covered your tracks, nobody is beyond our reach. Anyone with information about this type of crime can report it to HMRC online, or call our Fraud Hotline on 0800 788 887.”

Williams was sentenced to 24 months in custody, suspended for 24 months and 200 hours community service order, when he appeared at Swansea Crown Court on 26 March 2019 after he admitted cheating the public revenue.

Confiscation proceedings are now underway to recover the tax stolen.

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