Vantis director jailed over £70m tax fraud
David Perrin, a former deputy managing director at Vantis Tax, has been jailed for 18 months after trying to defrauded taxpayers of £70m.
Last month Perrin was convicted of cheating the revenue after Blackfriars Crown Court was told how he devised and operated a scheme which he sold to wealthy taxpayers in order to exploit the law on giving shares to charity.
Blackfriars Crown Court heard how he pocketed more than £2m in fees from unsuspecting clients and splashed out on expensive second homes, holidays, art work and luxury cars.
Between 2005 and 2006 Perrin advised more than 600 wealthy clients to buy shares, worth a few pence each, in four new companies he had set up.
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What about Faichney? 1 thanks
When the report of Perrin's conviction first appeared a couple of weeks ago there was some confusion over the fate of Roy Faichney, Perrin's co-defendant. This seems to have been overlooked because of another, more high profile tax evasion trial. Does anyone know the decision in Faichney's trial? If he has been found not guilty I would have thought some report as to the reason why he was treated differently from Perrin would be instructive for tax practitioners.