FCA bans adviser after 'understating' income in tax returns

The regulator's move comes after Anthony George, director, shareholder and approved person at 4Life Financial Planning Limited, submitted false information to HM Revenue & Customs. George understated the income in his self-assessment tax returns over a five-year period for the tax years 2013/2014 to 2017/2018, the FCA said, and concealed it by providing the regulator with information he knew to be false during the interviews with the authority. "George did not pay the correct amount of income tax and, in addition, he claimed and received working tax credit to which he was not entitled...