A London scrap metal dealer who used 2 Harrods’ safe deposit boxes to hide his half a million cash hoard was convicted of tax fraud – as he’d paid no Income Tax or National Insurance for 7 years.
Dean Packman’s cash hoard was discovered and seized during a joint investigation by HMRC and the Metropolitan Police. Packman (aged 52 of Ealing Common, West London), confessed that the cash was the profit from his scrap metal and shelving business; despite the fact he wasn’t licensed to deal in scrap metal until January 2011.
Packman was charged with Fraudulent Evasion of Income Tax. After pleading guilty he was given a suspended prison sentence of 18 months, 200 hours community service and had to pay costs of £2,500. HM Revenue and Customs’ Criminal Taxes Unit also secured a Confiscation Order for £502,093 – which Packman has paid.
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.
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