A Co. Clare builder has been jailed for five years for lodging fraudulent VAT claims with the Revenue Commissioners.
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34 year old Derek Floyd of Lower main Street, Tulla was convicted last March of knowingly filing incorrect VAT returns – in order to claim over 680-thousand euro from Revenue.
Sentencing him to five years in prison at Ennis Circuit Court today, Judge Ray Fulham said it should be noted that Revenue Fraud is not a "victimless crime".
