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.