Disciplinary outcome: [Member RM]

[Member RM's] conduct was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public and/or undermine public confidence in the Association and its members as follows:

1. He knowingly enabled [Client X] and [Client Y], directors of [Company A], to omit dividend income from their self-assessment returns for year end 05 April 2018 and year end 05 April 2019 resulting in an Income Tax loss of £157,592.
2. His conduct at Allegation 1 above was misleading and dishonest. 
    

Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.

[Member RM] is hereby:

1. Fined £2,000
2. Divested of his fellow member status 
3. Expelled for a period of two years.
    

Consent