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Wednesday, 30 November 2011

Stay-at-home father dodged tax on £4.7million of electrical goods he sold on eBay

A stay-at-home father who dodged tax on £4.7million-worth of electrical goods he sold on eBay was jailed today.

Gregory Allnutt, who has a seven-year-old son, avoiding paying more than £420,000 in VAT.

He raked in £4,000 a month over three years selling cut price electrical goods on the internet.

The 40-year-old, from Croydon, set up a company called Shapewise to sell nutrition products from the comfort of his home.

But instead he bought tax-free electrical goods from the European Union through online site Pixmania before selling them on for a profit.

Instead of declaring the sales and adding on the price of VAT, he undercut his rivals and maximised his profits.     Read More

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