More accustomed to fights in the ring than the courtroom, Ian Freeman, a former UFC champion is faced with the prospect of jail on account of tax evasion. According to a report in the Northern Echo, the UFC champ engaged in flagrant tax evasion over a number of years.
Tax evasion is an issue of clear importance and it is an offence which seems to have been thrust increasingly under the spotlight in recent years, predominantly because of the number of high profile tax evasion cases of late. One of the most recent cases of tax evasion to emerge is that of former UFC fighting champion, Ian Freeman, who recently admitted to 5 charges bought about by HM Revenue and Customs relating to his tax evasion over a number of years. According to the report in the Northern Echo, Ian Freeman owes in excess of £35,000 from his tax evasion and given the extent of his tax avoidance, a custodial sentence looks decidedly likely. The actual tax evasion stems from Ian Freeman failing to declare the earnings that he made as he forged a successful career in the Ultimate Fighting Championship (UFC). Tax evasion clearly shows itself in many different forms but, in this case, it was simply a question of the individual not being candid about their earnings.
Tax Evasion – Continued Deception
There is clearly a difference between tax evasion where the individual unwittingly underestimates their earnings as a one off but, according to the report in the Northern Echo, Ian Freeman had been knowingly engaged in tax evasion for over three years. The UFC fighter, whose nickname was ‘The Machine’ during his fighting days, also received in excess of £12,000 worth of tax credits that he wasn’t entitled to which he had acquired through fraudulent claims. Speaking in the Northern Echo, one of the prosecutors in this tax evasion case, Angela Wrottersley, stated, “It is the Crown’s intention to seek confiscation proceedings, so it can be clearly established what assets are held by the defendant.” In addition, the judge in the case, Brian Foster, went on record to state, “You must understand the court will be considering a custodial sentence.”
Tax Evasion – Honesty the Best Policy
Tax evasion is increasingly being viewed in a dim light and anyone caught engaging in this offence is likely to be punished severely depending on the scale of their tax evasion. In the case of Ian Freeman, who wilfully deceived tax officials and concealed his earnings over a number of years, a prison sentence would certainly appear to be the most likely outcome. For anyone concerned that they may have unwittingly performed tax evasion, the best thing to do is to speak to experts in the field to find the most applicable solution to your particular situation.
Looking for a Tax Evasion Expert? Speak to Gilbert Tax
If you are concerned that you may have incurred a tax liability through unqualified tax avoidance or possible tax evasion, now is the time to contact Gilbert Tax. Conflicts with Inland Revenue and HMRC, both potential and existing, can almost always be remedied. Taking a proactive stance in resolving tax difficulties is of paramount importance. At Gilbert Tax, we are non-judgemental. The terms and conditions of your tax difficulties are irrelevant, as our job is to simply assist you in dealing with them. Let Gilbert Tax lift the burden and worry of dealing with Inland Revenue from your shoulders. We are available by phone on 0800 734 3333 and by email at firstname.lastname@example.org
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