Spurs manager Harry Redknapp and former Pompey chairman Milan Mandaric have been cleared of tax evasion charges.
HMRC were after £189K of allegedly evaded taxes. However, the cost to the taxpayer of the trial was around £8M.
Milan Mandaric was also tried and acquitted of another tax evasion charge at Portsmouth.
Tax does have to be taxing.
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Following the verdict, an HMRC rep stated that every penny of tax evaded stops money being spent on public services.....I wonder how much money this farce cost us and just how many real tax evaders HMRC would have to catch to replace these lost costs.
ReplyDeleteIt was very big of HMRC to state they accepted the not guilty verdict....Prats.
£8m is the estimate in the Evening Standard tonight.
DeleteAh... but it doesn't mean to say they weren't guilty.
ReplyDeleteThis is HMRC we are talking about here.
What you do have to ask yourself is what is a Football Manager doing when he stands to gain 10% of the profit from the sale of a player... you can put it in a brown paper envelope or in a contract... it still STINKS (you know a bit like failing banker bonuses)
ReplyDeleteand having told Mandaric he was not happy over the 5% allegedly owing him ONLY around £200,000 (what percentage?) was paid into a Monaco account, in the name of a dead dog which was for joint 'investments'... which investments did the £200,000 go to then?
(Crouch apparently sold for £3million and I make 10% of that £300,000... but only around £200,000 went to Monaco, where's the other £100,000?).
What happened to the account/ what investments have they made together? Where's investigative journalism when you need 'em... too busy tapping phones while having a brew at Scotland Yard apparently.
What on earth were the prosecution (HMRC) doing?
Maybe the HMRC lawyer was Anthony Inglese LOL
DeleteThis on the day I read of 2000 people having taken advantage of the Lichenstein tax disclosure facility. These are people who have admitted tax evasion and will only have to repay the tax plus 20% penalty. Essentially HMRC are allowing them to buy their way out of prosecution - they will not even be named/shamed. There is one rule for the rich in this country and one for everyone else. And how many of those rich law makers might be on this list? We will never know - unless one of you HMRC guys blows the whistle. Where are the high profile prosecutions Mr Hartnett?
ReplyDeleteWhat - Higher profile than Harry Redknapp???
DeleteYes - far higher in terms of their position and status - and in terms of what they knew about tax law. Redknapp is an ordinary Joe compared to the people I am referring to. And far wealthier too.
DeleteClearly LOTS of football fans on that jury.............
ReplyDeleteOr unhappy HMRC customers!!!
Delete"There is one rule for the rich in this country and one for everyone else. "
ReplyDeleteDuh. And water gets you wet.
The rich are notorious for making and passing laws which will shaft them. Not.
Yes it's stating the obvious but it needs to be repeated and picked up by people who can do something about it. Why should the status quo be accepted? There would be a "British Spring" if the extent of this became public knowledge and it only takes one person with the right sense of honour.
DeleteWhat and you really think that if someone from HMRC named them they would become a national hero? I hardly think that the tory press who are probably owned by/good friends with the people you think should be named would let that happen. They would be prosecuted, Jailed, lose job (with the consequences of that-mortgage etc.)and the press would sell them to the country as traitors. It is called life - the rich always pay less proportionality tax wise, avoid or evade tax and get away with it as they also make the law. No amount of 'naming and shaming' will ever change that.
ReplyDeleteActually, the fairly rich do pay a lot of tax. Out of proportion to their wealth.
DeleteTrouble is, the extremely rich pay, basically, nothing.
Then they get knighthoods, and get made government waste czars. While signals like this are sent out, nothing will ever change.
I have just read the judge's summing up (an extract from it to be exact). Can anyone tell me if it is usual or even allowable for a judge to be so, shall we say, favourable about a defendent? You hear of cases where the jury are not allowed to even know that the man before them is a convicted rapist - yet the judge highlights Redknapp's good character and lack of previous offences. He also said that Mandaric's silence at interview should not be held against him, which I thought was no longer necessarilly the case now? Surely he should have said you may ask yourselves why he refused to answer? Finally he pointed out that inconsistencies in their accounts may be due to time lapsed since the events. It all seems very cosy?
ReplyDeleteAround 8 million pounds of tax payers money wasted yet again, with the country in its current state is it not time that these idiots were made accountable? Spending 8 million on, what was it? a potential 300 thousand? and we allow these people to calculate our tax
ReplyDeleteSo what will happen now? absolutely nothing the same as usual, HMRC go from fiasco to fiasco at taxpayers expense and get away with it, we're all taking it up the rear.
Yes. surely taxpayers money should have been better spent on hollow bankers bonuses.
Delete