Customs investigators have raided a Portsmouth business and a house in Waterlooville as part of an enqiry into a £50,000 income tax evasion fraud.
The properties were among eight targeted in a series of raids across Hampshire and beyond.
Thirty officers HM Revenue and Customs were involved. One man was arrested and HMRC said that investigators also seized 18 kilos of hand-rolling tobacco and over £13,000 in cash.
HMRC’s John Cooper said: ‘Tackling tax fraud is a priority for HMRC and we will not hesitate to investigate those suspected of stealing public funds.
‘Anyone with information about people who may be involved in this type of fraud can contact the Customs Hotline on 0800 59 5000.”
The arrested man, who held on suspicion of cheating the public revenue, the fraudulent evasion of excise duty and money laundering, was released on bail until next February.
HMRC did not identify the premises that were raided.