A Tyneside football agent has received a six months suspended prison term after admitting mishandling the financial affairs of Liverpool and England footballer Stewart Downing: following an investigation by HM Revenue and Customs.
The criminal charges relate to 2007 and 2008 – when Downing played for Middlesbrough. Ian Elliott aged 54 from Newcastle, admitted creating false invoices, and failing to keep accounting records, in order to provide proper information for tax returns, when he was secretary of Downing’s company: Stewart Downing Promotions Ltd – a firm set up to manage celebrity endorsements etc. Elliott was handling “large sums of money” but his records were described by an accountant as “one of the worst accounts I have seen in my working life”, the court heard. Downing said he had been “let down badly” by Elliott.
Lynam Tax Investigation Experts have a vast amount of practical experience in managing serious tax fraud investigations. If you are worried about a tax investigation we can advise you on the best course of action. If appropriate, we can help you manage any necessary disclosures. If you are facing criminal charges we can help you obtain first class legal representation, in order to obtain the optimum outcome for you, your business and your family.
*For a free, private, no obligation consultation, call Paul Lynam today on 0845 643 9997