Ten ways HMRC is catching tax cheats
7 Jul 17
Recent high-profile wins against tax evaders prove that when it comes to cracking down on tax dodgers, HMRC is serious about stepping up not only its surveillance but also about finding innovative ways of catching out tax cheats. Here are some the methods the UK tax office employs.
Earlier this year, HMRC launched a new hotline to allow the public to report evasion and tax fraud. The service, which combined two pre-existing hotlines, now covers any kind of tax fraud and evasion, including PAYE and national insurance, undisclosed offshore investments, tax credit fraud and VAT fraud.
The tax office said it received 113,000 reports from the public providing information to the department in its last financial year, with report that some informants were rewarded.
According to City law firm RPC, HMRC paid more than £460,000 to confidential informants in the year to 31 March 2016.
Tags: Beneficial Ownership | CRS | HMRC | Tax Evasion
