Tax avoidance pair are jailed
9:26am Thursday 21st February 2013 in News
TWO businessmen who lived luxury lifestyles have been jailed for evading around £500,000 in tax.
Roderick Smith and Stephen Howarth, both aged 44, evaded £500,000 in UK income tax over six years while they ran Goldlogic Control Systems Ltd, a company offering computer technology expertise to the car trade, based in Smithfold Lane, Worsley.
The pair, who had many customers in Germany, admitted having one offshore account but failed to mention 11 others.
They did not declare the true level of sales and put their profits in bank accounts in the Isle of Man.
Smith, of Duddon Close, Standish, and Howarth, of Orchard Rise, Gee Cross, Hyde, only declared £49,650 in sales during the six year period but HMRC investigators identified sales totalling £1,255,615 in Germany.
Smith was jailed for 15 months after pleading guilty to two counts of fraud and Howarth pleaded guilty to one count of fraud and was jailed for 12 months at Liverpool Crown Court.
Comments(7)
Rememberscarborough
says...
12:23pm Thu 21 Feb 13
temujin
says...
6:55pm Thu 21 Feb 13
Rememberscarborough wrote:Quite, but you can't expect stupid journalists to appreciate the distinction.
Title is wrong. Tax avoidence is legal whereas this pair were done for tax evasion. Mind you being paid £500k for six months holiday at one of Her Majesty's recreation parks doesn't sound bad....
Chrome1
says...
7:50am Fri 22 Feb 13
hoboh2o
says...
1:23pm Fri 22 Feb 13
ALI MINIUM KHAN
says...
7:23pm Fri 22 Feb 13
macauley
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9:34pm Fri 22 Feb 13
angus macoatup says...
11:17am Thu 21 Feb 13