An IT consultant has been jailed for five years for what HMRC described as a ‘deliberate and systematic fraud’.
An IT consultant has been jailed for five years for what HMRC described as a ‘deliberate and systematic fraud’.
Kirkcudbright Sheriff Court heard that Stephen Maxwell, aged 53, of Wallock Brae, Dalbeattie in Dumfries and Galloway, failed to declare almost £2m of income received from an IT consultancy business. The total loss to the exchequer was £635,015.
‘Between 1999 and 2008 Maxwell worked as an IT consultant for City of London banks,’ HMRC said. ‘Fees were paid to companies – of which he was a hidden beneficiary – registered in Gibraltar and the Isle of Man. From 2005 the income was paid to a UK registered company which never made any tax returns.’
A proceeds of crime hearing was adjourned until August, ITV News reported.
An IT consultant has been jailed for five years for what HMRC described as a ‘deliberate and systematic fraud’.
An IT consultant has been jailed for five years for what HMRC described as a ‘deliberate and systematic fraud’.
Kirkcudbright Sheriff Court heard that Stephen Maxwell, aged 53, of Wallock Brae, Dalbeattie in Dumfries and Galloway, failed to declare almost £2m of income received from an IT consultancy business. The total loss to the exchequer was £635,015.
‘Between 1999 and 2008 Maxwell worked as an IT consultant for City of London banks,’ HMRC said. ‘Fees were paid to companies – of which he was a hidden beneficiary – registered in Gibraltar and the Isle of Man. From 2005 the income was paid to a UK registered company which never made any tax returns.’
A proceeds of crime hearing was adjourned until August, ITV News reported.
