In yet another example of HM Revenue and Customs (HMRC) tightening the screw on tax fraud, a former president of the Association of Taxation Technicians (ATT) and a fellow company director were jailed this week for the offence.
According to HMRC, they were both sentenced to eight and half years for a £5 million pension scheme scam.
Andrew Meeson and associate Peter Bradley were both found guilty of the conspiracy, which centred on two pension schemes administered by their company, Tudor Capital Management Limited.
HMRC Tax Repayment Investigation
HMRC investigators found that between June 2007 and March 2010 they received income tax repayments amounting to £5 million. The two claimed that this was the refund due on £20 million of contributions that pension scheme members had made. The investigators found these contributions did not exist.
“This was blatant theft from the UK economy by people who exploited their positions of trust and authority,” said Simon De Kayne, Assistant Director of Criminal Investigation for HMRC. “This prosecution reinforces our effectiveness in the crackdown to uncover and bring before the courts those involved in tax evasion and fraud.”
Confiscation proceedings to reclaim the crime profits are now underway.
Contact our tax fraud defence solicitors
For specialist legal advice for tax fraud investigations, please contact Jeffrey Lewis or Siobhain Egan on 020 7387 2032.
This blog is intended as a news item only. No connection between Lewis Nedas Law and parties to the case is implied.
