Welsh accountant jailed for £140,000 tax fraud

Kashflow logo
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

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Rachael Power
Community Correspondent
Sift Media
Share this content
Tags

Replies

Please login or register to join the discussion.

avatar
13th Sep 2013 12:01

Go HMRC!!!

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

Thanks (2)
avatar
By keithas
13th Sep 2013 12:43

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)
16th Sep 2013 09:19

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)