Investors to sue jailed fraudster
As many as 100 people allegedly victims
As many as 100 people allegedly victims
Investors are set to sue convicted fraudster, Danish-born Bjorn Stiedl, over
a technology investment scheme, which, they claim, cost them £22m.
Stiedl is currently serving a four-and-a-half year sentence in Britain for
pension fraud and is already being sued for allegedly stealing £4m through a
tax-avoidance plan relating to a film financing scheme Bedford Row, the
Financial Mail reported.
The technology scheme – GenTech – was set up to buy computer technology and
the deals were intended to make a loss so that the investors – all higher-rate
taxpayers- could claim rebates to offset against their incomes.
The matter was investigated by KPMG last year and the report is understood to
have been highly critical of the scheme.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn 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 resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article