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...
About David Winch
David Winch B.Com, F.C.A. has had over 30 years experience in accountancy, audit and tax matters with a wide variety of firms and their clients ranging from the smallest to major multi-nationals. David is a director of MLRO Support Ltd http://www.MLROsupport.co.uk a company which offers guidance to money laundering reporting officers in accountancy and legal practices, and joint author (with Janet Bazley, QC) of 'Money Laundering for Lawyers: the new requirements and their practical implications' published by Butterworths (2004). David is also a director of Bartfields Forensic Accountants Ltd http://www.BartfieldsForensic.co.uk forensic accountants, an experienced expert witness, a contributor online to AccountingWEB and Criminal Solicitor Dot Net and in print to the New Law Journal, the Solicitors' Journal and other publications and a speaker at conferences and training events as a nationally recognised authority on money laundering, proceeds of crime and confiscation. David has appeared on national television and radio on several occasions in connection with the investigation of financial crime and misconduct. David has a particular strength in criminal litigation, acting as a key expert, at different times, for both prosecution and defence teams in criminal cases. Since September 2015 David has been a director of Bartfields Forensic Accountants Ltd.