A former president of the Association of Taxation Technicians (ATT) and a fellow company director who were both jailed for a £5 million pension scheme tax fraud have been ordered to
pay back a total of £5.1 million.
Andrew Meeson and Peter Bradley must repay the money within six months or serve a further 10 years in jail.
The confiscation follows a financial investigation by HM Revenue and Customs (HMRC) into the assets of the men, who were each sentenced to eight and a half years in jail in March 2013.
Meeson and Bradley, both from Wolverhampton, had conspired to receive £5 million in fraudulent income tax repayments via their company, Tudor Capital Management Limited. The pair claimed that the repayments were due on pension contributions of £25 million made by scheme members, but
HMRC investigators found that these contributions did not exist.
Adrian Farley, Assistant Director, Criminal Investigation, HMRC, said:
“Meeson and Bradley committed blatant theft, exploiting their positions of trust and authority. Our
priority is to track down tax fraudsters and to confiscate their ill-gotten gains. If they do not pay up, they face a substantial additional prison sentence – and they will still owe the money on release.”
Notes for editors
1. Meeson and Bradley were arrested in 2010 and convicted in March 2013. Both were company directors of Tudor Capital Management Ltd. A news release was issued at their conviction: http://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/former-tax-association-president-jailed-for-tax-fraud-843059
2. Andrew Meeson, DOB 10.06.61, is a former President of the Association of Taxation Technicians, and lived in George Street, Wolverhampton, West Midlands, at the time of his conviction.
3. Peter Spencer Bradley, DOB 08.02.67, formerly of Springhill Lane, Lower Penn, Wolverhampton.
4. Confiscation proceedings were heard at Birmingham Crown Court on 29 September 2014. Meeson was ordered to repay £1,642,205.10 and Bradley £3,458,002.29 within six months. If they do not pay they must serve an additional ten years in prison, and will still owe the money when they are released.
5. Photographs of the defendants are also available on HMRC’s Flickr site www.flickr.com/hmrcgovuk
6. In conjunction with HMRC executing the search warrants in 2010, the Pensions Regulator took action to suspend Tudor Capital Management Ltd from acting as trustees for pension trust schemes.
7. Follow HMRC Press Office on Twitter @HMRCpressoffice
8. HMRC’s flickr channel www.flickr.com/hmrcgovuk
Issued by HM Revenue & Customs Press Office
HM Revenue & Customs (HMRC) is the UK’s tax authority.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.