Welsh accountant jailed for £140,000 tax fraud

Community Correspondent
Sift Media
Share this content
Tags
3

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...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

Go HMRC!!!

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

Thanks (2)

Expertise?!

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

Thanks (0)

Evasion not avoidance

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.

 

Thanks (0)