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Montpelier chiefs charged over £1m fraud

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20th Aug 2013
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The chief executive and former tax consultant director at Montpelier Chartered Accountants have been charged over an alleged £1m gift aid tax relief fraud.

Following an HMRC investigation, the Crown Prosecution Service (CPS) confirmed it has authorised charges against the two men who will appear before the City of London Magistrates' Court tomorrow (21 August).

Between March 2004 and February 2007 it is alleged CEO Watkin Gittins and Martin Calcutt abused tax relief that allowed individuals making gifts to charity to offset the market value of the gifts against their tax liabilities.

It is alleged that Gittins designed the scheme while he and Calcutt both implemented it.

The two men, who are members of the ICAEW, face a charge of cheating the public revenue, while Calcutt also faces a forgery charge over the use of documents to trick HMRC into granting their claim for tax relief.

Jaswant Narwal, deputy head of fraud at the CPS, said: “This decision to prosecute was taken in accordance with the Code for Crown Prosecutors. We have determined that there is a realistic prospect of conviction and that a prosecution is in the public interest.”

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