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.
HMRC says small and medium-sized businesses account for just over half of the tax “gap” — the difference between the amount that is collected and the amount that should be collected.
The tax office hopes that its new digital service will tackle inaccuracy while doing other things such as comparing a company’s financial results with others in the same sector to spot anomalies that need further investigation.
Tags: Beneficial Ownership | CRS | HMRC | Tax Evasion
