TaxPersonal TaxHMRC uncovers untaxed money in grave

HMRC uncovers untaxed money in grave

Businessman planned to leave £140,000 in his aunt's grave for twenty years to avoid paying tax, but the taxman obtained permission to dig it up

A businessman planned to leave £140,000 in his aunt’s grave for 20 years to
avoid tax.

Tax inspectors were tipped off and obtained permission from the priest to
recover their £50,000 share. The unnamed man was going to leave the money in the
grave up to the time limit for tax investigations, reported The Sun.

Dave Hartnett, permanent secretary for tax, said: “Tax evasion isn’t a
victimless crime. But we’re getting better at catching cheats. It’s not worth
the risk.”

It was disclosed in April that the HM Revenue & Customs has paid
informers £437,000 in return for tip-offs since 2007, and prosecutes around 200
people a year for tax evasion.

Investigators announced a crackdown on middle-class professionals earlier
this year, with doctors already under greater scrutiny.

Further reading:

Taxand
finds new global leader

Vodafone
settles marathon case with taxman for £1.25bn

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

5m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter