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HM Revenue and Customs officers have arrested a 40-year-old man and a 38-year-old women on the Isle of Wight today (Friday) as part of an investigation into suspected VAT fraud totaling over £100,000.

The unnamed local business couple were arrested at a residential property in Cowes at around 07:00 this morning. The residential address and 2 business premises – thought to be Saffron in Cowes and Yarmouth Spice in Yarmouth – have all been searched.

As a result of today’s operation computers, business and personal records have been seized.

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The man and woman have been interviewed by HMRC officers and bailed until 27th March 2017, pending further enquiries.

Anyone with information about suspected VAT fraud should contact the 24-hour hotline on 0800 59 5000 or report it online at

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