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Between 1999 and 2008 Stephen Maxwell (53) worked as an IT consultant for City of London banks. 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. (See:IT consultant guilty of tax evasion - Shout99, April 2012).
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David Odd, HMRC's Assistant Director Criminal Investigation in Scotland, said: "This was a case of deliberate and systematic fraud. The tax system depends on people being honest but Maxwell consistently tried to conceal his income.
“Income tax fraud is not a victimless crime and HMRC take a very serious view of anyone who acts in this manner. We have robust procedures to identify abuse of our tax systems and are committed to pursuing any such fraud vigorously.”
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Susie Hughes © Shout99 2012
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