Welsh accountant jailed for £140,000 tax fraud

A Welsh accountant was jailed for more than two-and-a-half years for hiding the profits of a motor racing business in a £140,000 tax fraud.

Michael Jones was also banned from being a company director for five years and admitted two counts of cheating the Revenue, one of VAT fraud and two of transferring criminal property at Cardiff Crown Court.

Jones was the company secretary of Nick Jones Racing NJR) and according to the Revenue...

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Comments

Go HMRC!!!    3 thanks

The Black Knight | | Permalink

A welsh accountant? there's new types of accountant everyday?

keithas's picture

Expertise?!

keithas | | Permalink

So the judge thinks you need an accountant's expertise to avoid tax by paying business receipts into a personal bank account.

flurrymc's picture

Evasion not avoidance

flurrymc | | Permalink

keithas wrote:

So the judge thinks you need an accountant's expertise to avoid tax by paying business receipts into a personal bank account.

This is a case of evasion, not avoidance, what he was doing had no semblance of legality.