An adviser was jailed today for stealing £790,000 of clients’ money that
should have been used to pay tax bills.
Gregory Huggett, 39, today began a five-year prison sentence after pleading
guilty to six offences earlier this year.
Huggett traded in partnership with his mother and father as Huggett Gregg
Huggett requested that some of his clients pay their tax liabilities to the
accountancy firm so that he could keep track of the amounts paid.
He agreed to forward the tax on to the Inland Revenue (HMRC) on their behalf.
Over a four-year period, from 1999 to 2003, Huggett stole over £790,000 of his
client’s money to fund an extravagant lifestyle.
Huggett submitted false tax returns, and used the cash to buy two Ferraris
and an Aston Martin as well as expensive foreign holidays and a large house in
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...