Tax Rebates & Refunds

Isle of Wight adviser found guilty of tax fraud

November 29, 2012
Posted in Fraud — Written by Geoffrey

A tax adviser based in the Isle of Wight has been found guilty of falsely claiming tax rebates under his clients’ names, ultimately stealing around £52,000 from the taxpayer.

Howard Marcus Derham, 49, is believed to have worked for HM Revenue & Customs (HMRC) before setting up his own business as a tax adviser and running it for more than 20 years. Despite his vast experience in tax issues, he decided to claim tax refunds on behalf of some of his self-assessment clients and did not pass the money on to them.

It was claimed in the trial that Mr Derham had been struggling with debt problems. He is not believed to have lived a lavish lifestyle, but ran into financial difficulties and decided to claim the tax refunds to cover his debts.

After pleading guilty to a number of counts of income tax fraud, Mr Derham was sentenced to six months in prison. It is not known whether or not he will have to pay back the tax refunds he illegally obtained.

Commenting on the case was John Cooper, the assistant director for criminal investigation with HMRC, who said:

“Hardworking taxpayers trusted Derham with their finances. Sadly he abused his reputation and position to commit tax fraud, stealing from clients and the wider taxpaying public.”

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