THE PRESIDENT of the Association of Taxation Technicians has stepped down because HM Revenue & Customs is conducting an investigation into a pension scheme administered by his company.
Andrew Meeson (pictured) has said that HMRC believes the trustees of a pension scheme administered by Tudor Capital Management (TCM) have been acting fraudulently, and that TCM is involved.
"I and my colleagues at TCM reject these allegations in their entirety and we will be fighting hard to clear our name," Meeson said. "Nevertheless the case now looks likely to come to court in the second half of 2012. Given this, it is proper that I stand down from the presidency and trusteeship of the ATT."
Meeson will be replaced by Stuart McKinnon, the current deputy president. Meeson was due to serve until the ATT AGM in July 2012, but McKinnon will serve until the end of 2012.
McKinnon said: "As Deputy President I will be undertaking all of Andrew's Presidential functions with immediate effect. This will ensure continuity of the many activities in which we are involved."
Mr Meeson has clearly done the right thing.
This is obviously a serious matter and his presidency of ATT while the legal case involving TCM runs its course would be inappropriate.
Posted by: Philip Winter, 28 Oct 2011 | 12:15
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