Tax Rebates & Refunds

Festival security firm owner failed to pay £1m in taxes

August 24, 2011
Posted in Fraud, Income Tax — Written by Chris

The owner of a security firm that worked at music festivals such as T in the Park and Glastonbury has been found guilty of not paying more than £1 million in income taxes.

David Stewardson, the manager of Westcoast Group Security, failed to pay income tax or VAT for a period of four and a half years. During this time, more than £3 million went through a bank account which he alone operated.

Fiscal depute Isabel Clark told Edinburgh Sheriff Court:

“Over four and a half years the accused was running a security business with a turnover of sometimes over £1m per year and during that period of time the money going through the bank account of the business was in excess of £3m.

“The accused at this time was also claiming benefits and he failed to declare to the DWP that he was running a business.”

Mr Stewardson was caught after he was unable to provide the right documentation to authorities relating to VAT and National Insurance payments. The 55-year-old admitted evading paying income tax and VAT and owing HM Revenue and Customs (HMRC) as much as £1,045,783, as well as fraudulently obtaining benefits.

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