Ferrari driving fraudster jailed for £9.8m international tax fraud

A high-flying businessman, who masterminded a sophisticated £9.8 million international VAT fraud to fund his lavish lifestyle of flash cars and a luxury Spanish home, has been jailed for nine years. Jason Butler, 46, formerly of Leeds, created hundreds of false invoices to steal millions of pounds in VAT and tried to hide the scam in a complex trading chain involving companies in the UK,...

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We have negotiated a special offer with FAIRFX one of the world’s leading Currency Card and Travel money providers. FAIRFX offer a pre-paid currency card in either Euro’s, Dollars & Sterling, which saves taking large amounts of cash abroad.  The cards can be used in all major outlets which accept MasterCard and are chip and pin secure....

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Problem solved, as recycling consultant jailed for tax fraud

An Ayrshire recycling consultant, who stole more than £300,000 in tax, has been jailed after he was investigated by HM Revenue and Customs (HMRC). John Hamill, 53, of Stewarton, traded as a sole proprietor for GH Consulting from his home in McCardel Way. Between April 2006 and 2014 Hamill made profits of over £1.3 million and failed to pay any Income Tax. Until his arrest in July 2014, Hamill,...

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How GDPR will Affect Major Retailers in 2018

GDPR calls for several core technologies to be deployed in order to operate a proactive approach to cybersecurity.The most disruptive of these web and mobile applications from an adoption viewpoint is the requirement that all data is kept encrypted at all times. Previously, encrypting data during transfer across public facing networks has been sufficient to comply with Data Protection...

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Minimum wages continue to climb across Europe

Increases to minimum wages have gathered pace since 2010, with the highest increases recorded in countries which had the lowest minimum wages. However, a large gap remains with minimum wage workers in Bulgaria, the country with the lowest statutory minimum wage, earning just one-eighth the salary of minimum wages workers in Luxembourg, which has the highest rate. Eurofound’s Statutory minimum...

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The Cryptocurrency Race Is On! Comparing Leaders in DLT Regulation

It seems like cryptocurrencies and blockchain technology are all anyone can talk about. Regulators have realised that disruptive technologies hold vast potential, but few have taken up the initiative to create a regulatory framework within which FinTech businesses can operate. Countries are classifying cryptocurrencies as assets, commodities and even as currencies – there is no one view that...

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