Authorities in Britain have arrested three people on suspicion of being involved in a £2.4 million tax fraud connected to the horse-racing industry.
Tuesday’s arrests of a man and woman from Essex and a man from Buckinghamshire resulted from an investigation into alleged fraud around Britain goods and service tax, known as value-added tax (VAT).
Criminal investigators with the Revenue and Customs Department made the arrests at homes near Braintree in Essex and High Wycombe in Buckinghamshire. Two business premises were also searched.
The department’s assistant director for criminal investigations, Paul Barton, said tackling tax fraud was a key priority for the revenue and customs service.
“We will not hesitate to investigate those suspected of stealing public funds.”
The arrested trio are being questioned.