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).
He claimed he had lost income after being involved in the Cumbria train disaster in 2007 which killed one passenger. He was hailed a hero for rescuing fellow passengers but an investigation by HM Revenue and Customs (HMRC), officers showed he had paid no tax for nine years before the crash. During that period, the total loss to the exchequer was £635,015.
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