A consultant to the rail industry has been jailed for 15 month today for failing to pay tax and national insurance – on over £1 million earnings over an 11 year period.
Stephen Ledsham, aged 49, from Tring in Hertfordshire, formed a limited company (Kallbond Ltd) in 1992 to provide planning services to the railway industry. But he and the company did not pay any tax or national insurance on his earnings.
Ledsham obtained contracts for work in the rail industry and was paid through his company, but no tax or national insurance was deducted. He also created forged company documents in an attempt to hide his fraud. He pleaded guilty to: one count of Fraud by False Representation; and to two counts of Cheating the Public Revenue contrary to Common Law – for failing to notify HMRC that he was liable to Income Tax, National Insurance and VAT. The period covering the charges was from 1996/97 to 2007/08. The total amount of Income Tax, Class 4 National Insurance and VAT, plus interest, to be recovered is £401,764.34.
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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