Train Crash Hero Jailed for Tax Evasion

A Scottish IT consultant for City of London banks was jailed for 5 years today for tax fraud, after failing to declare almost £2M of income.

Stephen Maxwell (aged 53) was involved in the fatal Cumbria train disaster in 2009.  He was hailed a hero for rescuing fellow passengers.  Afterwards he claimed he had lost income.  But HMRC tax evasion investigators found that he had not paid tax for the 9 years prior to the crash.  Between 1999 and 2008 he had worked as an IT consultant in the City, but not declared his income.  As part of his tax dodge he arranged for some of his his fees to be paid to offshore companies (registered in Gibraltar and the Isle of Man) – of which he was a hidden beneficiary.   Then from 2005 the fees were paid direct to his UK registered company – but the company never filed any tax returns.   The total evaded tax was £635,015.

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