Tax Investigations May Lead to Unwanted Publicity


Taxpayers who are inclined to play fast and loose with their tax compliance are reminded that HM Revenue and Customs (HMRC) are now able to ‘name and shame’ (and will make a point of doing so) taxpayers who are caught dodging their taxes.
HMRC are targeting deliberate tax evaders and already follow a policy of publicising on their website cases in which successful criminal prosecutions are brought for tax fraud. In such cases HMRC also normally seek recovery of criminal assets using the Proceeds of Crime Act, in addition to the normal penalties and interest due on under declared tax.
HMRC’s prosecution policy can be seen on the HMRC website.
For advice on dealing with tax enquiries, contact us.

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