A MAN has been jailed for three and a half years for his role in a £120 million tax swindle.

Geoffrey Hayes, also known as Geoff Hayes, was one of nine people who have now been sentenced for their part in the VAT scam.

Hayes, 41, of Denmark Villas, Hove, was jailed at Southwark Crown Court by Judge Michael Grieve alongside two fellow fraudsters after pleading guilty to cheating the public revenue.

Revenue and Customs said: “A Berkshire-based gang that stole £34 million in VAT and laundered £87 million after selling illicit alcohol have been jailed for more than 46 years.

“Nine fraudsters, headed up by Jayesh Shah, Riaz Khan, Fiaz Raja and Muhammad Rasool, orchestrated a ‘missing trader’ VAT fraud.

“Gang members then laundered the stolen tax and the proceeds from selling illicit alcohol.

“The group created a complex chain of paperwork detailing fictitious transactions which were used as a cover for the illicit sale of smuggled alcohol.

“Evidence showed £87 million was laundered through more than 50 bank accounts in Britain, Cyprus, Hong Kong, Dubai and other foreign countries.

“An HM Revenue and Customs (HMRC) investigation found the gang operated from an office in Eton High Street, and then moved to Windsor during the two-year fraud.

“Officers caught the fraudsters red-handed when they installed covert cameras in one of the offices being used by the gang.

“Footage was shown in court of Khan, Rasool and Raja giving comprehensive instructions to other members of how to carry out the fraud.

“Now, the gang of nine have been sentenced to more than 46 years in prison.”

Six men were jailed earlier this year after a three-month trial. Of the remaining three, one – Hayes – pleaded guilty in May and two were convicted after a second trial, which ended after eight weeks on Friday, July 26.

Revenue and Customs added: “The sophisticated scheme would begin with a company purportedly supplying goods to another, and charging VAT on them.

“But instead of the supplying company handing over the VAT to HMRC, the fraudsters would pocket the money and the business would later disappear – becoming a ‘missing trader’.

“The same consignment of goods would then be sold on through one or more so-called ‘buffer companies’ before reaching a cash and carry at the end of the chain.

“Each company in the chain would submit a VAT return showing that little or no tax was due to HMRC.“The investigation team dismantled the complex operation after executing more than 20 warrants in January 2015 across London, Berkshire, Surrey, East Sussex and Buckinghamshire, seizing computers, £370,000 cash and business records.

“Confiscation proceedings against the group are now under way.”