Carousel Fraud
This may occur where the same goods imported into the UK, at the start of the fraud, are exported out of the UK only to return by way of imports to the UK and the process begins again as a revolving "carousel fraud".
In certain cases the goods may not exist. High value electrical goods are often the easiest and most profitable type of goods to involve in this type of fraud.
HMRC investigators will use every type of means of surveillance available to them under Regulation of Investigatory Powers Act 2000 (RIPA 2000) to establish a conspiracy (an agreement) to perpetrate this type of fraud.
The defence need to show from records that they have acted honestly and that their actions reflect real transactions.
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