HMRC pays out £400k to tax-dodge informants
Record sum paid to those tipping off HM Revenue & Customs about tax avoidance activity
Record sum paid to those tipping off HM Revenue & Customs about tax avoidance activity
HMRC PAID OUT a record £400,000 in 2013 to people whistleblowing on tax avoidance activities, a Freedom of Information (FoI) request has revealed.
The 2013 payout represents a 30% rise in rewards for informants over the last three years, according to figures obtained by The Telegraph.
Every day some 250 people are tipping off the taxman about suspected tax dodging by acquaintances such as ex-partners, former bosses and neighbours, according to the paper.
There are financial rewards available to people using HMRC’s hotline as part of a reward scheme.
These range from between £50 and £1,000 and are usually provided when the whistleblower supplies information which leads the taxman to a “big win” from a wealthy individual, The Telegraph reported.
It said every call to the hotline is investigated, but only a small number of the 97,036 informants in 2013 were understood to have received taxpayer money.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View articleStricter controls on VAT compliance is set to shut down the “colossal” VAT tax gap. Read More...
View articleThere has been a percentage increase in the number of claims made by companies, but more needs to be done Read More...
View articleWith proposals for an Amazon tax on the table, how can the UK tax system catch up with the implications of the Fourth Industrial Revolution? Read More...
View articleThe Targeted Anti-Avoidance Rule was introduced to prevent individuals lowering their tax liability by converting what would otherwise be a dividend i...
View articleIn 2016-17, the average length of time to settle a tax investigation rose to 34 months, up from 31 months in 2015-16. The tax authority has also incre...
View articleGlobal corporations are under increasing scrutiny over how much corporation tax they pay. So who are the latest big names hitting the headlines over t...
View articleThe EU is deeply divided over how to increase the tax take from tech giants such as Google, Apple and Amazon, who have recently come under fire for be...
View article