Paymaster general Dawn Primarolo said: ‘The new statutory offence will be just one in a package of measures aimed at cracking down on the informal economy.
Our message is simple – get the confidential advice and help offered by the Inland Revenue to help join the legitimate world of work, or face the consequences in six months time.’
The new offence may be tried either summarily in the magistrates’ court or on indictment in the Crown court (and in the appropriate courts in Scotland and Northern Ireland).
On summary conviction the penalty is up to six months in prison or a fine of up to £5,000, or both. On indictment the penalty is up to seven years in prison or an unlimited fine, or both.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy