Called to account

Tax / Scrap metal company tops tax defaulter list owing £16.4m

HMRC’s latest list of major tax defaulters is topped by a scrap metal company owing £16.4m on £22.9m unpaid tax, followed by a restaurant owing £626,461, with a raft of takeaways and construction services also featuring

Insight / ‘Convoluted’ financial transactions see two charity trustees removed

The founding trustees of The Suyuti Institute, a Birmingham based charity, have been disqualified by the Charity Commission, following their removal, after an investigation found them responsible for misconduct and mismanagement in its financial affairs

Insight / Bans for disqualified director and stooge boss

A previously disqualified director has been banned for a second time after illegally running a Yeovil restaurant using former colleague as a stooge boss, with both of them remiss in paying tax and filing tax returns during the period it was in operation

Insight / Music tuner’s VAT fraud falls flat

A Somerset company boss, who fraudulently reclaimed more than £230,000 of VAT, has been jailed for two years following an HMRC investigation

Insight / Called to account: March 2019

The latest scandals, convictions and penalties this month feature a £60m HIV cure tax fraud, a truck dealer’s VAT scam, a cash-burning bankrupt, and a forex-fiddling travel agent FD

Insight / Accountant jailed for £400k VAT scam

An accountant who tried to avoid going to jail by forging a medical report from a Cypriot hospital has been jailed for a £400,000 VAT scam

Tax / Notts County football club facing HMRC winding up petition

Notts County football club, currently languishing at the bottom of League Two, has revealed the club has been issued with a winding up petition from HMRC over unpaid tax

Insight / Accountant in £280K pension fund fraud

An accountant who treated a pension scheme for which he was a trustee and administrator like a ‘personal piggy bank’ has been found guilty of fraud for transferring more than £280,000 of funds to support his own businesses and investments

Insight / Pop star Shakira facing court over Spanish tax demand

Colombian pop star Shakira is set to appear in court in Barcelona in June, to answer allegations that she failed to pay €14.5m (£13m) in taxes due while she was living in Spain

Insight / Two jailed for £60m fraudulent HIV cure tax fraud

The director and finance director of a company set up to market a fraudulent tax avoidance scheme which attempted to raise more than £60m through claiming to invest in HIV research and conservation, have been jailed for a total of 14 and a half years, HMRC has revealed

Insight / Not-for-profit enterprise boss faces music over director ban

The boss of an Ashford-based community interest company (CIC) has received a second director disqualification for continuing to run the music initiative despite previous ban, and for failure to maintain adequate accounting records

Insight / Bankrupt nightclub boss given director ban

A bankrupt nightclub boss from Bristol has been given a jail sentence after he continued to manage companies despite being banned from doing so

Insight / Regulator disbands charity for failing to protect funds

The charity Save the Needy Worldwide (SNW) has been dissolved, one trustee removed and another disqualified following a Charity Commission investigation which found the trustees had failed to protect funds and identified a series of failing amounting to serious misconduct and/or mismanagement

Insight / Suspended sentence for bankrupt who burnt cash owed

A bankrupt who claimed to have burnt nearly £70,000 in cash rather than pay insolvency practitioners has received a suspended prison term

Insight / Forger’s VAT fraud used to pay confiscation order

A South Lanarkshire man who used a VAT tax fraud to repay money he had previously made as forger of fake banknotes has been jailed for more than two years, following an HMRC investigation in which an officer uncovered his identity
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