A Nottinghamshire chartered accountant jailed for a £153,000 tax fraud has been ordered to pay back nearly £195,500 within six months or face a further two and a half years in prison.
HM Revenue and Customs (HMRC) investigators found Ronald Moncrieff claimed fictitious expenses in his own tax returns, as well as falsifying returns on behalf of his wife and son. He also claimed expenses for work by sub contractors who never worked for him.
Dave Cowie Assistant Director of Investigation for HMRC, said:
“Our investigations do not stop with the sentencing of those involved in fraud. We will try to stop criminals profiting from their crimes. Moncrieff abused his position of trust as a chartered accountant and exploited his family by using their names in a bid to conceal the fraud.
He may have thought his professional knowledge made his criminal activity undetectable, but he was wrong and will now have to return the crime profits or face further time behind bars.”
During a raid of his premises in October 2012 documents were uncovered which proved that, for seven years, Moncrieff had overstated his expenses and understated his sales to reduce his tax liability. However, every attempt to cover up his fraud failed.
Notes to Editors
1. A photograph of the defendant is available on request or on HMRC’s Flickr site www.flickr.com/hmrcgovuk
2. Details of the Confiscation Order secured yesterday 22 July 2013 and sentencing on 10 May 2013 at Nottingham Crown Court:
· Ronald Moncrieff (DOB 05.05.48) of Freda Close Carlton, Nottingham, was sentenced to 18 months in prison.
· He was ordered to repay £195,378 within six months or serve a further 30 months in prison.
· Moncrieff previously repaid £65,000 from the proceeds of his crime.
· He pleaded guilty to charges of completing false tax returns under the Taxes Management Act 1970 and the Theft Act 1968 of £153,000 plus an additional £18,000 in interest.
3. Follow HMRC on Twitter @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.