Two accountants have been charged over a £1m charity relief tax scheme, according to The Times.
The newspaper says Edward Watkin Gittins and Martin Calcutt have been charged with cheating the public revenue, while Calcutt is also charged with forgery.
They are due to appear at City of London Magistrates’ Court today.
Watkin Gittins was a director of Isle of Man based Montpelier Tax Consultants.
CPS deputy head of the fraud division Jaswant Narwal told The Times the pair had been charged in connection with a scheme costing HMRC around £1m.
Narwal told The Times: “It is alleged that Mr Watkin Gittins designed the scheme, while he and Mr Calcutt both implemented it.
“It is also alleged that forged documents were supplied in order to induce HMRC to grant their claim for tax relief.”
Watkin Gittins’ solicitor Mark Spragg told The Times: “These matters relate back to 2004-05 and a criminal investigation commenced in about 2006-07. Mr Gittins has co-operated throughout the investigation and answered questions and supplied material to HMRC. He denies any wrongdoing and is relishing the opportunity to finally clear his name.”