Called to account

Insight / Called to account: August 2020

In this month’s scandals, convictions and penalties, first arrest over fraud involving the furlough scheme, boss banned for paying himself bonuses as the company went into liquidation, and restaurateurs served with bans over tax failures

Insight / Four arrests in multi-million phone scam raids

Two men and two women have been arrested as part of an investigation into a suspected multi-million pound phone scam targeting UK taxpayers

Insight / Restaurateurs served with bans over tax failures

Two restaurateurs have been disqualified from managing companies after they caused their outlets to abuse the tax regime, owing more than £1m in tax between them

Insight / Ban for boss owing £289K in tax

A recruitment company boss has been banned for six years after paying himself a £150,000 bonus just before the company went into liquidation owing £289,000 in tax

Insight / First arrest over £495K ‘furlough fraud’

A West Midlands man has been arrested in connection with a suspected £495,000 fraud involving the government’s Coronavirus Job Retention Scheme (CJRS), the first such action over potential furlough fraud

Insight / Takeaway boss hid tax liabilities for five years

The boss of a Paisley takeaway has been given a nine-year directorship disqualification after concealing the company’s tax liabilities for five years, owing HMRC over £100,000

Insight / FCA seeks to fine and ban ex-spread betting company boss

The Financial Conduct Authority (FCA) is seeking to impose a £658,900 market abuse fine on Conor Foley, former CEO of failed spreading betting firm Worldspreads, and ban him from performing any roles linked to regulated activity

Insight / Called to account: July 2020

In this month’s scandals, convictions and penalties, finance chief jailed over fake HMRC payments, restaurant boss served with ban over tax discrepancy, and restaurateur banned over lack of accounting records

Insight / Banking exec jailed over fake £3m HMRC payments

A finance chief at a city bank has been jailed for four and a half years after he created two fake payments worth £2.9m, from his employer to HMRC, and then diverted the funds to himself

Insight / West country restaurateur banned over lack of accounting records

A restaurateur from Weston-Super-Mare has been given a six-year disqualification after failing to maintain the company’s books and records

Insight / FCA fines Lloyds Banking Group £64m over mortgage arrears failings

Lloyds Bank, Bank of Scotland and The Mortgage Business have been fined a total of £64m for failures in relation to their handling of mortgage customers in payment difficulties or arrears

Insight / Called to account: June 2020

In this month’s scandals, convictions and penalties, ex HMRC accountant, and author of a guide to beating the tax authorities, found guilty of tax fraud, world cup winning cricketer shamed on HMRC’s list of tax defaulters and trainee accountant defrauded his employer of £58,000, which he spent in six months on a car and alcohol

Insight / Restaurant boss served with ban over £200k tax discrepancy

A North London restaurateur who under-declared more than £200,000 in tax has been disqualified from being a company director for six years

Insight / Charity trustee disqualified over £240k theft

The trustee of a poverty relief charity has been disqualified and the charity removed from the official register, after a regulatory inquiry found he had stolen around £240,000 from Buckinghamshire-based GTC

Insight / Accounting trainee defrauds travel company of £58K

A trainee accountant who defrauded his employer of £58,000, which he spent in six months on a car and alcohol, has been given a suspended jail sentence
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