A BUSINESSMAN from Fareham has been arrested on suspicion of £80,000 worth of tax fraud.
HM Revenue and Customs criminal investigators arrested a 28-year-old man at a residential address in the town on Thursday for alleged VAT and Income Tax fraud.
The property has been searched and investigations are still ongoing.
Bob Gaiger, from HM Revenue and Customs, said: ‘HMRC take tax fraud seriously and will not hesitate to investigate those suspected of stealing public funds.’
The man, who was arrested for offences under the Fraud Act 2006, has been bailed until October 10.
Anyone with information about individuals who may be involved in tax fraud is asked to contact the Tax Evasion Hotline anonymously on 0800 788 887.
For more information or updates on tax issues, follow HMRC on Twitter @HMRCgovuk, or go online and see hmrc.gov.uk.