Called to account

Insight / EY employee conspires in £76k staff fraud

An Ernst & Young executive assistant and her husband have been given prison sentences for a £76,000  fraud carried out by the couple over four years, using credit card and personal details stolen from a large number of EY employees

Insight / Ban for boss who prioritised directors loan over creditor payments

The boss of a greetings card business has been disqualified for six years after approving transactions that were detrimental to creditors, who were owed over £1.7m when the company went into liquidation

Insight / Called to account: September 2019

In this month’s round up of the latest scandals, convictions and penalties, an ex-KPMG accountant is jailed over PCAOB inspection tip offs, a gambling-addicted Devon dairy trader sentenced in £900k VAT scam, a call centre boss and accountant get seven and a half years for £2.3m tax con, a builder is put behind bars for £100k tax fraud and a bouncy castle director gets banned

Insight / Haulage boss and accountant jailed over tax fraud

An accountant at a haulage company has been jailed for three years while his boss received a 30-month sentence after lying about VAT, National Insurance Contribution and PAYE payments

Insight / Supercar-loving father and son sentenced for £1.5m horse box VAT scam

Lavish lifestyle of Ferraris and Aston Martins revealed as duo who hid money in bathroom safe are sentenced after investigation into a £1.5m VAT fraud

Insight / Forex business in record £7.8m money laundering fine ‘ignored regulations’

A west London money transmitter has been landed with a £7.8m penalty after it ignored anti-money laundering regulations following an HMRC investigation

Tax / Restaurateur served up nine-year ban after hiding VAT from HMRC

A restaurateur behind Glasgow’s Cyan Restaurant has been disqualified for nine years after failing to pay a £195,000 VAT bill.

Tax / HMRC probes pull in nearly £2bn from wealthy

Data from leaked documents as well as global information sharing agreements have helped boost the UK’s public coffers by £1.9bn following investigations into the tax affairs of wealthy individuals, according to law firm Pinsent Masons  

Insight / Devon market trader jailed for £900k VAT fraud

A market trader from Devon has been jailed for stealing more than £900,000 in VAT repayments to fund a gambling addiction

Insight / Business fined £350,000 for pension failures

The Pensions Regulator (TPR) is warning employers not to put their head in the sand after one business ended up with a £350,000 fine from the watchdog for failing to comply with auto enrolment pension rules

Insight / Disqualification deflates bouncy castle boss

The director of a bouncy castle hire company has been banned for £240,000 of tax offences similar to those that resulted in her husband’s disqualification four years earlier

Insight / Cyber fraud cases increase as courts ramp up action

Court cases involving alleged fraud dropped in value in the first half of 2019 to £319m, down from £345m in the same period last year, but there are signs cybercrime is becoming more sophisticated and fraudsters are sometimes repeat offenders

Insight / Regulator finds trustee misconduct at educational charity

Charity Commission regulatory intervention has seen the reopening of a London school which was sold and shut by a trustee, who was responsible for serious misconduct and governance failings

Insight / Builder jailed for £110k tax fraud

A Bournemouth builder who evaded almost £110,000 in tax has been jailed over unpaid income tax and NICs 

Insight / Footballer Diego Costa settles Spanish tax allegations

Brazilian striker and ex-Chelsea star Diego Costa, who now plays for Atletico Madrid, is to pay €1.7m (£1.5m) to Spanish tax authorities to settle allegations of non-payment of taxes on image rights
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