Called to account

Insight / Takeaway fraudster sentenced for £117K VAT scam

An Indian restaurant owner has been given a two-year suspended jail sentence for stealing the £117,000 VAT he charged his customers for takeaway meals

Insight / Insolvency Service cooks up ban for failed kitchen fitting director

The director of a Liverpool kitchen fitting company has been disqualified for seven years after failing to keep adequate accounting records or pay some £138,000 in tax, following an investigation by the Insolvency Service

Insight / Accountant banned for hiding commission on tax avoidance schemes

An accountant from Stevenage has been excluded from ICAEW membership, fined £8,000 and ordered to pay costs of £47,000 after a disciplinary tribunal found he had concealed from clients the commission received from recommending tax avoidance schemes and had ‘blatantly disregarded his duties’

Tax / HSBC to pay €300m to settle tax evasion charges

HSBC has agreed to pay €300m (£266m) to the French authorities to settle a long-running investigation into tax evasion by French citizens via its private bank in Switzerland, details of which were first leaked by one of the bank’s former IT employees

Insight / Insolvency Service steps up hunt for ‘rogue’ directors

The Insolvency Service is increasingly using ‘public interest’ disqualification orders to remove potentially rogue directors from their positions before they can do more harm, with a 600% increase in a year, according to analysis by Moore Stephens

Tax / HMRC smashes £108m fake eco-investment scam

Six men have been jailed for a total of 45 years for a £107.9m tax crime, which HMRC says is one of the UK’s biggest, based on a fake eco-investment scheme they sold as a tax break for wealthy investors

Insight / Insolvency Service guidance on compensation orders for directors

The Insolvency Service has published guidance on compensation orders, which apply if a director is subject to a disqualification order or undertaking and their conduct has caused a quantifiable loss to one or more creditors of an insolvent company

Insight / Dorset VAT evader to repay £128K or face more jail

A Dorset builder, who evaded more than £128,000 in tax, has been ordered to repay criminal profits of £141,453 within three months, or remain in prison for a further 18 months and still owe the money

Insight / Tax adviser’s jail sentence bumped up for £150k fraud

A self-appointed tax adviser has been jailed for a further four and a half years after committing a £150,000 tax fraud while living in Spain, despite being handed a six year sentence in February 2017 for failing to repay £1.3m to HMRC

Insight / Baker disqualified after HMRC fails to receive dough for taxes

Clive Cobb has become the second director to be disqualified from a Plymouth bakery company in two years after failing to pay £143,000 in tax to HMRC

Insight / Called to account: November 2017

The latest scandals and penalties including, a seriao fraudster jailed for £400k tax fraud, ex-rock band accountant faces music over missing £2m, director receives 12-year ban after owing £8m

Insight / Licence to cheat: fake spy in £1.6m VAT fraud

A company director, who ran a fake security company to carry out a VAT fraud of more than £1.6m while pretending to friends and family to be a spy who frequently worked abroad, has been jailed

Tax / Ex-Trump aide charged with hiding $18m offshore to avoid tax

Paul Manafort, the former campaign manager for President Donald Trump in his successful bid for office last year, has been charged with money laundering offences and hiding more than $18m (£13.6m) offshore to avoid paying taxes, according to an indictment brought before a US court

Insight / Falsified cash takings ring up ban for restaurant bosses

The directors of a restaurant in Kent have been disqualified for a combined total of ten and a half years after an Insolvency Service investigation found they owed HMRC more than £400,000 and had failed to declare cash takings

Insight / Restaurant director roasted for lack of accounting records

The director of a London Indian restaurant has been disqualified from acting as a company director for seven years after failing to provide adequate accounting records