Tax Rebates & Refunds

Cornish accountant charged with £1m tax fraud

October 24, 2012
Posted in Fraud — Written by Chris

An accountant who formerly worked in the county of Cornwall has been charged with committing tax fraud after tax officers from HM Revenue and Customs investigated his financial affairs and found serious and worrying discrepancies.

Simon Terry Pearce, who is from the Cornish town of St Austell, has been charged with a large number of offences, including tax fraud, forgery and theft. HMRC, which is the department responsible for calculating income tax and processing tax rebate claims, has also accused Mr Pearce of abuse of position, false representation, obtaining a money transfer by deception and cheating the public revenue.

Further and more specific details about the exact nature of Mr Pearce’s misconduct have not been revealed, but he is believed to have cheated the public purse out of more than £1 million.

Mr Pearce, 46, was formally charged with the tax fraud offences at Newquay police station earlier this month, but it has been reported that he won’t be sentenced until early November. At present, the former accountant has been released on conditional bail. However, on November 6th, he will appear at Bodmin Magistrates Court to be sentenced.

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