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.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy