Ex ATT president must repay £1.6m lost in £5m pension fraud

The former president of the Association of Taxation Technicians and a fellow company director who were both jailed for their part in a £5m pension scheme tax fraud, have been ordered to pay the funds back

 During confiscation proceedings at the Birmingham Crown Court yesterday, Andrew Meeson was ordered to repay £1,642,205.10 while his co-conspirator and Peter Bradley was told he had to repay £3,458,002.29.

The pair have been given six months in which to repay the funds or face an additional 10 years in prison, after which they will still owe the money.

The confiscation follows a financial investigation by HMRC into the assets of the men, who were each sentenced to eight and a half years in jail in March 2013.

Meeson and Bradley, both from Wolverhampton, had conspired to receive £5m in fraudulent income tax repayments via their company, Tudor Capital Management Limited.

At the time, they claimed that the repayments were due on pension contributions of £25m made by scheme members, but HMRC investigators found that these contributions did not exist.

Adrian Farley, assistant director in HMRC’s criminal investigation division said that Meeson and Bradley had committed blatant theft, exploiting their positions of trust and authority.

‘Our priority is to track down tax fraudsters and to confiscate their ill-gotten gains. If they do not pay up, they face a substantial additional prison sentence – and they will still owe the money on release,’ said Farley.

Penny Sukhraj |Content editor, Accountancy - (up to 2016)

Penny Sukhraj, former content editor and writer for Accountancy and Accountancy Live, responsible for commissioning and editing news...

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