Former investment advisor Charles Bolton has delivered a guilty plea in
response to allegations he helped market illegal tax shelters through Ernst
& Young’s Value Ideas Produce Extraordinary Results unit.
He pleaded guilty to one count of conspiracy and will face up to five years
in prison when he is sentenced in April. The scheme involved selling the tax
shelters to high net worth individuals.
Bolton was first charged in February last year following almost a decade of
involvment in marketing the tax shelters, according to
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Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group