Former president of the Association of Taxation Technicians (ATT) Andrew Meeson and three of his business associates who administered a pension scheme, have been charged with stealing £5m through a tax fraud targeting the pension industry.
The four were arrested last year in dawn raids carried out by HMRC investigating an alleged multi-million pound fraud. Simon De Kayne, assistant director of Criminal Investigation for HMRC, said: “Today four people have been charged linked to what we believe is a fraud resulting in over £5 million being stolen from public funds. We are committed to bringing such cases to the courts and depriving those involved of the proceeds of their crime.”
All have been charged with ‘conspiracy to cheat the Revenue’ and bailed until 9 November to appear at Birmingham Crown Court.
Meeson stepped down last week from his post at the ATT after HMRC kicked off an investigation of the pension scheme administered by his company Tudor Capital Management (TCM). HMRC believes that the trustees of that scheme acted fraudulently, and that TCM is also involved.