Whilst HM Revenue & Customs were not successful against Harry Redknapp, the day before they were more successful against an ex-Vantis tax adviser who was jailed for 18 months following a tax scam involving Gift Aid Rules and the Channel Islands Stock Exchange.
If the scheme had not been detected the taxpayer would have been defrauded of around £70m
Both investigations highlight HMRC’s continued efforts to pursue those it believes are evading tax.
A few years ago it was a time when inventing clever schemes to work around tax rules seemed acceptable, and was often encouraged by some in the profession. It would appear those times are now long gone.