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Has HMRC got egg on its face after latest tax evasion case?

Has HMRC got egg on its face after latest tax evasion case?

Contractor accountants may have been following with interest the latest high profile tax evasion case held at Southwark Crown Court.

Harry Redknapp, the manager of Tottenham Hotspur, and Milan Mandaric, the ex-chairman of Portsmouth FC, were both found not guilty last week of all the charges laid against them. The trial lasted for two weeks, during which time Redknapp vehemently denied avoiding tax on money in his Monaco bank account.

After the verdict, Mr Redknapp said he was glad the nightmare was over but reckons the case should never have come to court in the first place.

HMRC says it did not regret bringing the case to court, despite the fact that the five-year police investigation cost around £8 million and netted absolutely nothing. However, the general public may feel the whole debacle has been a huge waste of taxpayers’ money.

The prosecution relied heavily on the fact that Redknapp had told a journalist that he received money as a bonus when Portsmouth sold Peter crouch. This information was published in the News of the World, a paper that is currently paying out huge sums in compensation to victims of phone hacking.

Redknapp admitted in court that he had given the information to the journalist but that it was simply to get him of his back. Under cross-examination, Redknapp said he was under no obligation to tell the reporter the truth, but he did have to tell the truth to the police.

Mr Redknapp co-operated fully with police during the inquiry and voluntarily disclosed details of his offshore bank account in Monaco.

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Image: Egg On My Face by TheGiantVermin

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