Source: Telegraph
Milan Mandaric faces tax charge
Mandaric is accused of what tax officials have described as "cheating the public revenue". [LNB]Mandaric strenuously denies the allegations, which go back to his time as Portsmouth chairman from 1998 to 2006. [LNB]VAT conman with stately home and yacht ordered to pay back £26 millionBusinesses face new red tape costs on tax disclosuresTaxman faces Fleming claims of £8.5bn from thousands of companies for overpaid VATHe will face the charges in January alongside Tottenham manager Harry Redknapp, who was in charge at Fratton Park at the time. [LNB]A statement issued by Cartwright King solicitors, who represent Mandaric read: "Milan Mandaric is astounded and dismayed that proceedings are to be brought by HMRC in the new year alleging a connection with unpaid tax on a personal payment he made to Harry Redknapp in 2002. These will be vigorously defended. [LNB]"During a two-year investigation he has fully co-operated and has strenuously denied any wrongdoing. [LNB]"Expert tax advice has confirmed that Mr Mandaric has no tax liability. The decision of HMRC to bring proceedings is very surprising. [LNB]"Throughout a successful and respected 45-year international business career he has gained an impeccable reputation and has never been accused of the slightest wrongdoing, nor had his integrity called into question. [LNB]"Over the last 10 years in English football, the clubs that Mr Mandaric has invested in have employed hundreds of people and paid millions of pounds in taxes to HMRC." [LNB]
