View more on these topics

Planner pleads guilty to avoiding income tax

A financial planner has admitted he fraudulently evaded more than £200,000-worth of income tax.

Following an investigation by HM Revenue and Customs, Martin King from Oakfield Gardens in South East London pleaded guilty to the fraudulent evasion of £235,000 in income tax on Monday, and reporting restrictions have now been lifted.

King was handed an 18 month sentence, suspended for two years, on the same day.

HMRC says King hid his true income by arranging payment of work he did with Ethical Trading and Marketing Ltd company director Antony Blakey through an offshore company.

Blakey was also sentenced this week for his role in a tax avoidance scheme which claimed to invest in HIV research and conservation , which was also instigated by Ethical Trading and Marketing finance director John Banyard.

Blakey and Banyard have been sentenced to a total 14 and a half years jail time.

This article has been amended. It initially implied that the sentence for Martin King related to the tax avoidance scheme run by Antony Blakey which claimed to invest in HIV research. King was acquitted of charges in relation to that scheme. We apologise if there was any confusion caused.

Recommended

Ian McKenna

Ian McKenna: The future of adviser technology

From emotion recognition systems to AI compliance functions, the T3 conference points the way forward Adviser technology that appears in the US is often a sign of things to come here and gives a chance to learn from early adopters. One of the most valuable conferences I visit around the world is Technology Tools for […]

Budget-2018-Chancellor-Philip-Hammond
3

Budget 2018: Lifetime allowance nudges up as Hammond bucks pension tax reform rumours

The lifetime allowance for pension savings will increase slightly more than expected next year to £1,055,000, according to Budget documents published today. Initially the lifetime allowance was meant to increase in line with September’s figures for the Consumer Price Index to £1,054,800. But the government has rounded up the lifetime allowance slightly more than originally expected. […]

3

Are DFMs interpreting risk ratings correctly?

Money Marketing takes a look at the role advisers should play to help DFMs build suitable discretionary portfolios With an ever-greater regulatory focus on taking the right risk for the right client, eyes are turning to how discretionary fund managers actually turn an adviser’s fact-find into an investment portfolio. Last year, the FCA looked at […]

Leading Edge e-zine

Read issue seven of Royal London Asset Management’s e-zine, Leading Edge. This edition features articles based on the topics discussed at our recent investment conference including stories covering credit investing in 2018, maximising the risk/ return trade-off beyond investment grade credit, why there is growing interest in sustainable investing and a focus on ESG integration […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Hopefully those involved have been stripped of all of their assets to repay that which they stole?

  2. Leave it aht, Blakey.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com