AN ADVERTISING CAMPAIGN designed to encourage voluntary tax settlements has been launched by HM Revenue & Customs.
Posters showing a huge pair of eyes peering through a ripped envelope will be rolled out nationwide in an attempt to warn tax cheats to declare all their income before they are investigated by the taxman.
They bear the strapline: “If you’ve declared all your income you have nothing to fear.”
The department has set up a website – www.gov.uk/sortmytax – to help support those who want to pay the correct tax.
HMRC director-general for enforcement and compliance Jennie Granger said: “Our message to the small percentage who don’t [pay the correct tax] is a simple one: The net is closing in. We will detect you if you haven’t put a job through the books, if you haven’t declared investment income, if you’ve hidden assets offshore or if you haven’t even registered for VAT.”
Making Tax Digital responses to the consultations expected in January 2017
Further corporation tax cuts and reliefs for cutting-edge tech businesses have been pledged by prime minister Theresa May, ahead of Wednesday’s Autumn Statement
The UK has not followed the global trend for reducing income tax over the past two decades
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes
HMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our latest Friday Afternoon Live broadcast