WGPlus (Archive)

Problem is, money can ‘infect’ one with ‘greed’
HMRC has a special unit to collect tax from high net worth individuals who are those with assets of £20m+.  While this special unit gives it a better understanding of the tax affairs & behaviours of these taxpayers it needs to evaluate what approaches are the most effective and to understand the outcome it achieves.
Researched Links:

NAO: HMRC’s approach to collecting tax from high net worth individuals

HMRC: Updated code of conduct will discourage number of avoidance schemes

UK tax gap falls to 6.5% as HMRC targets the dishonest minority

HMRC protects more than £900m through 10th win against NT Advisors

Taxman brings in £bns of tax upfront from tax avoiders

Tough new sanctions announced for offshore tax evaders

Tax avoidance enablers to face tough new penalties

HMRC consultation: Proper resourcing is needed to tackle tax avoidance, says ARC union

HMRC wins blockbuster tax avoidance cases

Strengthening the Tax Avoidance Disclosure Regimes for Indirect Taxes and Inheritance Tax

PM: Companies to be liable for employees who facilitate tax cheating

Taxman seizes more than £2bn from tax avoidance scheme users

Tackling tax fraud: how HMRC responds to tax evasion, the hidden economy & criminal attacks

ARC cautiously welcomes Chancellor’s £2.1bn reinvestment package in HMRC while voicing concern over 15% departmental budget cut

The more they ‘evade’ the bigger the cuts will have to be

Have you tried getting through to HMRC on the telephone recently!!!!!!!

HELPING LOCAL COMMUNITIES AND BUSINESSES TO PROSPER