Called to account

Insight / Builder disqualified over hidden sales and VAT loss

The director of a West Midlands construction company has been disqualified for seven years after he failed to declare all the company’s sales income, resulting in an under-payment of VAT totalling over £200,000

Insight / Charity ex-trustees disqualified over financial mismanagement

Two former trustees, one of whom was an accountant, have been disqualified following a joint agency investigation and a Charity Commission inquiry which found serious misconduct and mismanagement in the charities they were running

Insight / Tax fraudster to pay £67K or face two more years in jail

A Gloucester security services company director, who was jailed for a £497,000 tax fraud, must pay back £67,424 or face another two years in jail and still owe the money

Insight / £2.4m VAT fraud gang leader jailed

The ringleader of a 19-strong gang has been jailed for four years and eight months after he led a £2.4m VAT repayment fraud

Insight / Regulator lambasts Presidents Club charity trustees over reputational risks

The Charity Commission has heavily criticised the trustees of the Presidents Club Charitable Trust, which hit the headlines over incidents of harassment at a fundraising dinner, with a report citing ‘significant failures’ which meant they were in breach of a number of their key trustee duties

Insight / Pension directors banned from running companies for 21 years

The directors of two pension companies shut down in the public interest have received bans totalling 21 years for their role in the companies’ mismanagement of members’ funds

Insight / Money launderer to pay £98K or face more jail

A Staffordshire man jailed for money laundering last year has been told he must pay back more than £98,000 within three months or face another 12 months in jail

Insight / Ex-BDO Jersey director in £2.6m fraud

A former managing director with BDO in Jersey has been jailed for defrauding clients of £2.6m, with the court told he used the money to fund an ‘extravagant lifestyle’ which included buying a Formula 1 racing car and paying off debts relating to companies in which he had invested

Insight / US regulator fines Credit Suisse $30m over bribery charges

Credit Suisse Group is to pay around $30m (£22.6m) to US regulator the Securities and Exchange Commission (SEC) to settle charges the bank obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA)

Insight / ‘Missing trader’ VAT fraudsters receive lengthy bans

Two bosses who involved their companies in complex missing trader intracommunity (MTIC) fraud schemes using artificially extended trading schemes in attempts to reclaim millions of pounds of VAT fraudulently have received lengthy director bans

Insight / Ex-builder jailed for £750K VAT fraud

A former builder from Hampshire, who falsely claimed £750,000 of VAT repayments to pay for gambling and living expenses, has been jailed for two years and eight months following an investigation by HMRC

Insight / LGBT helpline director banned

The director of a publicly-funded LGBT (lesbian, gay, bisexual, and transgender) helpline who paid herself nearly £150,000 while failing to meet PAYE liabilities has been banned from holding office for three and half years

Insight / Called to account: July 2018

In this month's roundup of cases and disqualifications, landlord sentenced over failure to disclose tax, couple disqualified after taking assets from insolvent company, father and son jailed over £1m VAT fraud

Insight / Jail for lawyer who 'did not know' tax fraud was illegal

A barrister who claimed he did not know non-payment of tax was against the law has been jailed for 18 months, following an HMRC investigation

Insight / Fund raising company director given lengthy ban

The owner of a marketing company that sold its services to charities has been banned from holding a directorship for nine and a half years
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