London landlord Michael Charles Waddingham certainly won’t be feeling full of the joys of spring, having just been handed a hefty £200,000 fine and a two-year suspended prison sentence for tax fraud.
Following a lengthy HMRC overhaul, investigators discovered £281,000 in unpaid taxes, which lead to Waddingham standing trial in Kingston Crown Court on Friday.
He pleaded guilty to tax evasion, following the discovered of failure to submit tax returns between 2008 and 2012, failure to declare rental income, and also that he had been listed as a director of numerous land and property development companies, which gave him an income of over £100,000 per year.
In addition to paying back the evaded tax and stumping up the huge fine, Waddingham also has to consider a significant suspended sentence, which sees him having to undertake 200 hours community work over the next 12 months, and wear an electronic tag, which commits him to a curfew between the hours of 8pm and 5am.
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