A chartered accountant from Nottinghamshire was sentenced to 18 months in prison earlier this month for defrauding HMRC of £153,000 of income tax; following an investigation by HM Revenue and Customs.
Ronald Moncrieff, aged 65 from Carlton in Nottingham: understated his sales; claimed fictitious expenses in his own tax returns (e.g. for work by sub-contractors, when in fact he never employed any); and also falsified Tax Returns on behalf of his wife and son.
Moncrieff pleaded guilty to charges of completing false tax returns under the Taxes Management Act 1970 and the Theft Act 1968 of £153,000 plus an additional £18,000 in interest.
Moncrieff has repaid £65,000 from the proceeds of his crime – and confiscation proceedings are ongoing to reclaim the remainder.
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: 0845 643 9997
or Andrew Nutbrown: 07718 778710