TaxPersonal TaxEssex company director jailed after £600,000 tax fraud involving offshore accounts

Essex company director jailed after £600,000 tax fraud involving offshore accounts

A director of a company specialising in personalised car registration plates has been jailed for two years for evading tax on rental income which he paid into offshore accounts in Jersey.

Basildon company director Melvin Crump was sentenced to 2 years in jail on 17 December at Basildon Crown Court.

Crump is the controlling director of McMel & Co Ltd, a UK registered company operating from Shenfield, Essex, which specialises in producing cherished car registration plates.

In the early 1980s, Crump with a now deceased partner, formed a Jersey registered company called St. Brelade Organisation Ltd (SBO). SBO was used by Crump to purchase properties in the UK that were subsequently rented out.

The rental income was paid into off shore bank accounts in Jersey operated and controlled by Crump. The value of the property portfolio held by the offshore company rose in excess of £600,000. Various properties were subsequently sold and substantial gains made.

Neither the income nor gains were reported as required by law to the Revenue.

The loss to the public is estimated to be in excess of £600,000.

Crump of Greenways, Hall Lane, Ingatestone, Essex pleaded guilty to 5 counts of cheating the public revenue at a hearing on 22 November 1999.

Tax cheat gets 21 months jail for eight years of fraud

Related Articles

Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

1m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

2m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

2m Alia Shoaib, Reporter
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

3m Emma Smith, Managing Editor
Making Tax Digital: What might HMRC’s penalties model look like?

Corporate Tax Making Tax Digital: What might HMRC’s penalties model look like?

3m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

3m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

3m Emma Smith, Managing Editor