An IT consultant for City of London banks, who failed to declare almost £2 million of income, was found guilty yesterday of income tax evasion.
Stephen Maxwell, aged 53 from Dalbeattie, Dumfries and Galloway, was found guilty of tax fraud following a tax investigation into his business records and Tax Returns by HMRC criminal tax investigators in Leeds.
Between 1999 and 2008 Maxwell worked as an IT consultant for City of London banks. In order to scam the taxman he arranged for his fees to be paid to companies registered in Gibraltar and the Isle of Man – of which he was a hidden beneficiary. From 2005 his income was paid to a UK registered company, but which never made any tax returns. The total loss to the Exchequer from his tax evasion was £635,015. He will be sentenced shortly.
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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