TaxCorporate TaxHMRC justified in ‘name and shame’ scheme, say readers

HMRC justified in ‘name and shame’ scheme, say readers

According to Accountancy Age readers, the taxman is right to have a 'name and shame' scheme for tax dodgers

THE TAXMAN is right to name and shame tax evaders who have kept £25,000 or more from the public purse, according to Accountancy Age readers.

Of the 100 polled, 79 said the tactic was reasonable and would act as an effective weapon in the department’s arsenal against tax dodging.

The remaining 21 felt the measure was unfair and could cause extensive reputational damage.

Under the initiative, tax dodgers could be named and shamed in local and regional media, thanks to an initiative administered by HM Revenue & Customs.

While the scheme to publish details of deliberate defaulters has not been utilised since it was brought in on 3 March 2010, names of those not paying their share – individuals, companies, partnerships and trusts – can be expected to appear in the media next year.

In order for a tax dodger to be named and shamed, a lengthy list of criteria must be satisfied. HMRC may release names if, after undergoing a compliance check, they are penalised for deliberate inaccuracies, failures and/or wrongdoings amounting to more than £25,000 since April 2010.

Vote in Accountancy Age‘s latest poll:

In the wake of BDO and PKF’s merger discussions, is the only way to challenge the Big Four through acquisitions?

Related Articles

HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

1m Emma Smith, Managing Editor
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

5m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

7m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

8m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

11m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

1y Emma Smith, Managing Editor
HMRC nets £2.6bn in corporate tax from big businesses

Corporate Tax HMRC nets £2.6bn in corporate tax from big businesses

1y Accountancy Age editorial
Tax crackdown brings in £468m for HMRC

Corporate Tax Tax crackdown brings in £468m for HMRC

1y Accountancy Age editorial