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Accountants charged with £1m tax fraud over charity relief scheme
by Daniel Grote on Aug 20, 2013 at 08:02
Two accountants have been charged with cheating the public revenue of £1 million by creating a fraudulent tax scheme that took advantage of tax reliefs, according to reports.
Edward Watkin Gittins and Martin Calcutt are due to appear at City of London Magistrates’ Court today. Calcutt has also been charged with forgery.
Watkin Gittins was a director of Montpellier, an Isle of Man-based tax consultancy raided by HMRC as part of an investigation in 2010.
Prosecutors claim Gittins and Calcutt abused tax reliefs allowing those gifting to charity to offset the value of those gifts against liabilities.
Mark Spragg, solicitor for Watkin Gittins, told The Times: ‘These matters relate back to 2004/5 and a criminal investigation commenced in about 2006/7. Mr Gittins has co-operated throughout the investigation and answered questions and supplied material to HM Revenue & Customs. He denies any wrongdoing and is relishing the opportunity to finally clear his name.’
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