IT consultant guilty of tax evasion

An IT contractor who hid from Revenue & Customs almost £2million he earned from banking clients in London has been found guilty of tax evasion.

Stephen Maxwell, 53, consistently tried to conceal his income from the taxman between 1999 and 2008, when he worked for City-based banks as an IT consultant.

Fees for his services from the banks were paid to companies – of which he was a hidden beneficiary - registered in Gibraltar and the Isle of Man, HMRC said in a statement last week.

David Odd, assistant director of operations for HMRC Scotland, where Maxwell now resides, accused the IT consultancy business owner of a “deliberate and systematic fraud.”

“Income tax fraud is not a victimless crime and HMRC take a very serious view of anyone who acts in this manner,” Mr Odd added.

“For anyone choosing not to pay the tax they owe, this case proves that we will vigorously pursue them and bring them to justice.”

Maxwell, of Dumfries and Galloway, was remanded in custody at Kirkcudbright Sheriff Court until April 26th, following the probe into his business and tax records by Revenue investigators in Leeds.

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