UK accountant used Guernsey for tax evasion

A UK-based accountant has been sentenced to 15 months in prison after lying to Special Compliance Office investigators about holding a Guernsey bank account that paid him around £100,000 in interest. HM Revenue and Customs (HMRC) said David Greenwood of Haslemere in Surrey was charged with eight counts of defrauding the HMRC. "Investigations found that interest he was receiving from bank accounts in the Channel Islands amounting to £100,000 was not being shown on his tax returns," said the HMRC. When interviewed by the Revenue special compliance officers, Greenwood denied owning any offsh...