Tottenham Hotspur manager, Harry Redknapp, is set to appear in Southwark Crown Court with Sheffield Wednesday chairman, Milan Mandaric, to stand trial for tax evasion on 23 January 2011…

Redknapp and Mandaric are to stand trial for tax evasion in relation to two payments equalling £183,000 allegedly made by Mandaric to Redknapp when both were acting chairman and manager at Portsmouth FC.

The payments in question were supposedly made through a Monaco bank account in order to evade income tax and national insurance contributions due on both amounts between 1 April 2002 and 28 November 2007.

The Crown alleges that the payments were made “with intent to defraud and to the predjudice of HM Revenue and Customs as a result of or in connection with Henry James Redknapp’s employment and as a reward for services.”

Redknapp and Mandaric were originally arrested under suspicion of two counts of cheating the public revenue by the City of London Police in November 2007.

Redknapp and Mandaric firmly deny both claims.

On 6th December 2009 The News of the World published an article that revealed Redknapp had fired off a 16-page document to the police and HMRC containing details on why he should not be under the charge of tax evasion.

It was also revealed that Redknapp had hired top criminal fraud lawyer, Ian Burton, to beef up his defence in court.

Redknapp and Milan Mandaric first appeared at City of Westminster Magistrates’ court on 11th Feb 2010 where both men were given unconditional bail by the in court District Judge, Timothy Workman, just 10 minutes after appearing in court.

The case was originally adjourned until 14 April 2011, but both men are now due to stand trial for the tax evasion accusations in the New Year and are expected to be in court for two weeks.

Tipped as the favourite to replace England boss Fabio Capello next summer, Redknapp has previously defended the allegations by saying in The Times:

“I’ve paid £10 million in income tax in the past ten years, it’s in dispute whether the money is owed, and I have been totally up front with everyone about this. I’m sick of it.”

The Full indictment against Redknapp and Mandaric Reads:

Count One: Milan Mandaric and Henry James Redknapp, between the 1st day of April 2002 and the 28thday of November 2007, at the material times repectively the Chairman and the Football Manager of Portsmouth City Football Club Limited, with intent to defraud and to the predjudice of HM Revenue and Customs, arranged for $145,000 paid by Milan Mandaric as a result of or in connection with Henry James Redknapp’s employment and as a reward for services, to be transferred to a Monaco bank account opened by Henry James Redknapp for that purpose, in order to conceal the said emolument from HM Revenue and Customs and evade the payment of Income Tax and National Insurance Contributions thereon (whther by the operation of PAYE by the club or otherwise).

Count Two: Milan Mandaric, between the 1st day of May 2004 and the 28th day of November 2007, at the material times the Chairman and the Football Manager of Portsmouth City Football Club Limited, with intent to defraud and to the predjudice of HM Revenue and Customs, arranged for $150,000, paid by Milan Mandaric as a result of or in connection with Henry James Redknapp’s employment and as a reward for services, to be transferred to a Monaco bank account opened by Henry James Redknapp for that purpose, in order to conceal the said mployment income from HM Revenue and Customs and evade the payment of Income Tax and National Insurance Contributions thereon (whether by the operation of PAYE by the club or otherwise).

Having recently underwent minor heart surgery to unblock his arteries at the start of November 2011, Redknapp has been advised to stay away from the Spurs sideline for four to five weeks.

Kevin Kinsella, of KinsellaTax, said:

“I think this may be the beginning of a crack down on the football industry. I have no comment to make about Harry as a QPR supporter. I do feel sorry for him given he is talked about as the future England manager, which personally I think he would do fabulously and everything seems to be so much in his favour. But then HMRC can strike at any time and turn your life upside down.”

Have you been accused of tax evasion?

Don’t try to deal with this yourself, without professional tax investigation advice you may end up in prison.

KinsellaTax staff consists of ex-HM Inspector of Taxes and ex-HM Custom and Excise Officers, fully experienced inHMRC investigations.

 

Call 0800 471 4546 and speak to a Tax Evasionexpert at KinsellaTax today or click here to fill in an online tax enquiry form.

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