Second tax adviser jailed over £70m fraud

HM Revenue & Customs (HMRC) said Roy Faichney, managing director of Vantis Tax, had a "gentleman's agreement" with his deputy, David Perrin - who was found guilty for his part in the fraud in January - to share the £4.5m profit from a fraudulent tax avoidance scheme sold to wealthy customers. The scheme left charities and the Exchequer out of pocket, it added. Acting together HMRC said the pair extracted the cash they made through a Jersey bank, where Faichney withdrew his share to spend on luxury properties and paintings, while also using the scheme to evade tax on his £200,000-plus ...