£2m fine for tax cheats who used Jersey trusts

£2m fine for tax cheats who used Jersey trusts

The brothers were fined more than £2m at Belfast Crown Court and given a five-year suspended sentence for cheating Her Maj-esty’s Revenue and Customs.

Patrick (61) and John McParland (58) owed a total of £3.

9m in unpaid tax and interest from 20 offshore bank accounts and four offshore trusts in Jersey, Dublin and the Isle of Man.

The south Armagh hoteliers, owners of the Canal Court Hotel in Newry and the Carrickdale Hotel in Co Louth, pleaded guilty to two charges of tax cheating.

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