The director of a building firm who stole almost £650,000 in fraudulent VAT repayments has been jailed for two years and 10 months after an investigation by HM Revenue and Customs (HMRC).
Derek Hole, 83, from Kingston Seymour, Clevedon, was the sole director of Briar Building.
He submitted VAT returns claiming refunds for the purchase of building supplies totalling £644,579.14 between January 2012 and September 2017.
Hole claimed the company was constructing new build residential properties, which are generally zero-rated for VAT purposes.
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