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!!!!!!!

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