Prison for £1m Bus Operator Tax Fiddler

A Luton-based bus operator has been sentenced to 30 months in jail for fiddling more than £1 Million of PAYE Income Tax, National Insurance Contributions and VAT.

James Taylor (aged 68) had long-standing contracts with a local authority to provide bus services for vulnerable people.  Although he always used the same trading name (Taylors Transport Services), unbeknownst to the local authority he operated through a succession of 9 different Ltd companies.  Instead of paying the PAYE and VAT over to the taxman, he put each company into liquidation and then wound them up: taking the tax for himself and leaving the Exchequer out-of-pocket to the tune of £1 million.

Taylor used the stolen money to clear a big mortgage and buy a holiday home in Devon.  He pleaded guilty to the fraudulent evasion of Income Tax and VAT and was sentenced to 30 months’ imprisonment at Luton Crown Court on 5 August 2016.

HMRC have started Confiscation proceedings under the Proceeds Of Crime Act, saying:  “We will now look to strip him of the proceeds of his criminal activity. So his affluent lifestyle of nice cars, houses and holidays, which he funded through this fraud, is well and truly over”.

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