England and Wales Court of Appeal recently ruled on the appeal of a criminal lifestyle confiscation and output VAT case, which accountants may find "disappointing", according to David Winch.
In the case of R v Harvey  EWCA Crim 1104, in April 2012, director of plant hire company JHL, Jack Harvey, was convicted of handling items of stolen plant and using them in his company.
He was ordered to repay around £2.2m and a default prison term should he not pay of 10 years was set.
The judge ruled that 38% of the company’s gross receipts, including VAT, since the relevant day in November 2003...
About Rachael Power
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