Wednesday, 15 February 2012

Abuse of the Gift Aid scheme

What a lovely guy eh? Just think what could have been done with that money....

An accountant to Wayne Rooney and Jeremy Paxman, who taunted the taxman by recording a version of "I Will Survive" boasting of his greed, has been jailed for 18 months over a £70m tax fraud which he masterminded at the expense of charities.

David Perrin, 47, a former HMRC official, exploited the Gift Aid scheme to help 600 wealthy clients offset their 40 per cent higher tax rate and take a slice of the profits himself. The colourful accountant spent his share of the £4.55m proceeds from the scam on exotic holidays, sports cars, works of art and expensive houses.

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