A car dealer from South Wales has been charged along with five other people for evading £5 million in tax.
Jack Simon Galinsky from Tycroes in Carmarthenshire, Wales, has been accused of failing to declare income tax, corporation tax, VAT and PAYE for his six companies. He is also being charged with concealing, disguising or removing criminal property by means of criminal conduct, the South Wales Guardian has reported.
Needless to say, it is illegal to evade tax. However, under the letter of the law it is also illegal for motor traders to operate without motor trade insurance. Car dealerships, mechanics and independent garages must all have the necessary insurance cover to protect the business, its employees and its customers so be sure to contact expert brokers to get the right policy at the best price.
The six firms for which Mr Galinsky’s is alleged to have not paid tax for were Jobspot Ltd, Ammanford Ltd, Valuebright Ltd, E & J Autospares Ltd, Penybanc Ltd and Swansea Autospares. He is standing accused of “cheating Her Majesty and Commissioner’s for Her Majesty” by knowingly evading the tax.
The offences are said to have taken place between June 2005 and March 2012. Mr Galinsky’s wife and Richard John Baylis Safadi face identical charges.
A further three people face prosecution for similar offences, with the fraudulent activity estimated to be in region of £5 million. After an initial hearing last week, all six defendants are due to appear again at Swansea Crown Court on 25 April.