Former FD and magistrate sentenced for tax fraud

Former FD and magistrate sentenced for tax fraud

Former FD and magistrate receives suspended sentence and fine for tax fraud.

A former FD and magistrate today received a suspended nine-month sentence and fine for tax fraud.

Link: White collar crime – an inside job

Nottingham-based Thomas Jagger, former finance director of Natgraph, had pleaded guilty to four counts of fraud. This included submitting false corporation tax returns and failing to account correctly to the Revenue for the tax and national insurance contributions owed under PAYE by Natgraph.

Judge Goodier said that the Inland Revenue had been ‘defrauded over a lengthy period of time’.

As well as being a finance director and magistrate, Jagger was also a member of both CIMA and ACCA.

His nine-month jail sentence was suspended for two years, and he must pay a total of £50,663 in fines, compensation and court costs.

‘The Inland Revenue places great reliance on the honesty and integrity of directors, accountants and magistrates. If we find evidence that a person is involved in tax fraud, he or she is likely to be prosecuted,’ said the Revenue.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article