Latest tax and investment news
Redknapp tax charges 'are meant to make an example'
The charges that have been brought against Tottenham Hotspur manager Harry Redknapp are meant to deter others who conceal earnings from UK tax authorities, according to tax experts.
Redknapp was recently charged by the Crown Prosecution Service in connection with payments totalling £180,000 he received while manager of Portsmouth FC, International Adviser reports.
It has been alleged that he evaded tax and national insurance contributions totalling an estimated £40,000.
Andrew Watt, managing director of tax disputes and investigations at Alvarez & Marsal Taxand told the website: "It is a very small amount for the revenue to be chasing when compared to most cases they pursue and clearly demonstrates their intention to make an example of high-profile people such as Redknapp."
The National Fraud Authority recently reported that tax evasion has risen to £15.2 billion per year, almost 15 times more than benefit fraud, which costs £1.1 billion annually.
Posted by Jon Cummins
For More Information
For more information about our services please contact us on the number provided below. Alternatively, fill out this form, indicating your area of interest, and one of our partners will contact you. If in any doubt, we offer a free, no obligation meeting to discuss your requirements.
For further information please email us at mail[at]atcsolutions.com or call:
ATC Solutions takes your privacy very seriously and any information you provide will only be used by us. We do not pass on information to any third parties unless you expressly give us permission and only then in relation to your specific enquiry.
