Ticket tout Michael Rangos faces a big bill from the taxman
One of Britain’s most notorious ticket touts faces a six-figure bill after under-declaring his taxable income.
Michael Rangos, 36, claimed on his tax return that he had earned just £12,000 in 2006-07. But a tribunal ruled this was ‘not credible’ and said that he had in fact earned £324,000 in that year and in 2007-08 – a year for which he did not file a return.
Until 2006, Rangos ran a ticket-touting company called Get Me Tickets, but the business was shut by the Official Receiver after complaints from the public that they were not receiving tickets they had paid for.
Customers who had paid to see stars such as U2 and Robbie Williams were left furious after Rangos failed to deliver tickets. Rangos was disqualified from being a company director for eight years.
He continued to sell tickets through a company called Ticket Tout and another called Ticketout, according to court documents released last week.
A tribunal ruled that Rangos was a ‘shadow director’ of the two firms, and that a large proportion of unexplained payments to him should be taxed as his income.
Rangos said he helped the company to obtain tickets, but was not an employee.
The taxman said, however, that two-thirds of the emails sent to web designers working for the company came from Rangos, and that in the firm’s correspondence Rangos gave instructions to solicitors, accountants and staff.
Revenue & Customs issued a demand for tax of £215,888 in 2009 on Rangos’s income from the firms, for which there were no accounts nor PAYE returns.
Source: This is money