Stuart Newing-Davis, from Dunkeld Road, Bankfoot, ran an agency that supplied trained staff to the UK rail industry. But he manipulated the declarations he made to HM Revenue and Customs (HMRC) between March 2010 and August 2012 to reduce the company’s VAT liabilities.
HMRC investigators uncovered his crimes after comparing his business records with what he declared on tax returns. The 46-year-old carried out the fraud while enjoying a comfortable lifestyle, including a holiday home in France and a nanny for his children.
Anne-Marie Gordon, Assistant Director, Fraud Investigation Service, HMRC, said:
“Newing-Davis thought he had covered his tracks, but his scheme to steal from the public to fund a lifestyle well beyond his means has landed him in jail.
“Most people pay the tax they owe, when they owe it, knowing they are contributing to public services. But a small minority think they are above the law and should get those same services for free. That isn’t fair and HMRC works tirelessly so that no-one is beyond our reach.
“Tax fraud is a serious crime and I would ask anyone with information about those who may be involved to contact our 24 hour hotline on 0800 788 887.”
HMRC is now working to recover the money he stole, which can involve seizing assets such as houses and cars.