David Winch has spent most of the last three months in the Crown Court listening to prosecution evidence concerning Simon Pearce, an unqualified accountant charged with defrauding his clients and the Revenue of £2m in tax. Below, he sets out his lessons learned from the experience, following on from his initial blog post:
So, what did I learn from this long trial which is of particular interest to accountants acting as tax agents?
He should have expected an HMRC visit
Firstly, it should not have come as a great surprise to Pearce when HMRC officers arrived in force in May 2011 and searched his office, taking away boxes of documents including his client files and clients’ records.
Pearce had a very long history of problems with HMRC prior to that.
There had been numerous...