Accountants £240,000 Tax Fraud Results in Jail - Gilbert Tax

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Accountants £240,000 Tax Fraud Results in Jail

Over two years jail time has been awarded to an unqualified accountant who was found guilty of evading nearly a quarter of a million pounds in tax after lying about his income. Between the years of 2011 and 2017, the accountant based in Stockton-on-Tees failed to declare to HMRC an income totalling more than £1 million. This enabled him to avoid more than £240,000 in payable VAT and income tax.

After failing to declare any income whatsoever in 2013 and 2014 HMRC decided to investigate his tax affairs. The revenue stated that he had previously received a penalty for similar wrongdoings. The investigation concluded at Teesside Crown Court where the individual admitted avoiding both VAT and income tax and was subsequently sentenced to 28 months in prison.

A spokesperson for HMRC said "he knew the rules but chose to ignore them. He worked in a position of trust and shamelessly stole from our public services. The amount he pocketed was equivalent to the salaries of ten newly qualified nurses for a year. HMRC will continue to pursue criminals like this who think stealing tax is acceptable." Proceedings are now underway to recover the money.

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