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Two years ago, the remote Scottish fishing town of Buckie was rocked by scandal when it became the centre of an alleged tax ruse. Stuart Forsyth, a well-known member of the community who ran a boat insurance company, was accused by the City of London s two main watchdogs of funnelling around £200,000 of his salary to his wife to cut his tax bill. The Financial Conduct Authority (FCA) and the Bank of England s Prudential Regulation Authority (PRA) fined him £154,498, and banned him from working in the regulated sector. Unlikely setting: Stuart Forsyth, a boat insurer from the remote Scottish fishing town of Buckie (pictured), was accused of funnelling around £200,000 of his salary to his wife ....
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