A former president of Association of Taxation Technicians (ATT), Andrew Meeson, and fellow director of Tudor Capital Management, Peter Bradley, raked in £5m of fraudulent income tax repayments via their company.
The pair, who are both from Wolverhampton, were sentenced to eight-and-a-half years imprisonment in March 2013 and have now been ordered to pay £5.1m within six months or face a further ten years in prison.
Meeson and Bradley had claimed that the repayments were linked to pension contributions of £25m made by scheme members.
However, a financial investigation carried out by HM Revenue and Customs (HMRC) into the assets of the two men found that these contributions did not exist.
“Exploited their position of trust and authority”
Assistant director of HMRC’s criminal investigation, Adrian Farley, said Meeson and Bradley had committed “blatant theft” and had “exploited their position of trust and authority”.
He added: “If they do not pay up, they face a substantial additional prison sentence – and they will still owe the money on release.”
