NCA seizes £ 10 million of laundered funds below tax fraud program

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  The US Fed announced that the excise tax refund rule is in effect.  Circ.

Law360, London (Dec. 18, 2020, 2:52 p.m. GMT) – The National Crime Agency was given the go-ahead Friday to reclaim £ 527,000 ($ 711,000) from a luxury car dealer’s account, a judge found part of a money laundering system that defrauded the UK tax authorities Has.

Judge Maura McGowan cleared the NCA’s civil reclaim order in the High Court against a Barclays Bank account held by Niche Cars Ltd., a self-described car salesman in northern England that no longer exists.

The agency has accused Niche Cars of investing £ 3.8million in an investment by a person charged with tax evasion to avoid payroll and VAT …

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