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.

Related Articles

It’s not just the potential of women at stake, it’s the potential of accountancy

Accounting Firms It’s not just the potential of women at stake, it’s the potential of accountancy

5d Jean Stephens, RSM International
PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

2w Alia Shoaib, Reporter
Mercer & Hole makes two new appointments

Accounting Firms Mercer & Hole makes two new appointments

3w Emma Smith, Managing Editor
Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

1m Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

2m Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

2m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

2m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2m Alia Shoaib, Reporter