HMRC pays out £400k to tax-dodge informants

HMRC pays out £400k to tax-dodge informants

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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In 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 resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article