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A businessman local to our Wilmslow office has been jailed for stealing £114,000 in tax instead of paying it to HMRC.

The 49-year-old man from Central Place was registered under HMRC’s Construction Industry Scheme and was hiring sub-contractors to perform renovations and property development work.

HMRC revealed that the man de-registered his business, but continued to employ sub-contractors for five and a half years without paying the tax deducted from their wages to HMRC.

He was sentenced to 24 months in prison, reduced to 16 months following a guilty plea.

A HMRC spokesperson said: “The gentleman abused his position when he failed to pay tax that was due in an attempt to line his own pockets.

“HMRC takes tax fraud extremely seriously and anyone deliberately choosing to evade the taxes they owe should expect not only a heavy fine, but possibly a criminal prosecution as well.”

See, it isn’t just high profile businesses in major capital cities that get caught up in tax scandals. This gentleman is based just a few minutes away from our office.

Don’t suffer with a tax fraud investigation alone. To speak with an investigation expert call KinsellaTax on 0800 471 4546.

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