WGPlus (Archive)

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

Tax evaders and the professionals who enable tax evasion will face tough new sanctions, including 2 new criminal offences and higher penalties, under a new regime to crack down on offshore evaders.  The details on the new evasion regime & avoidance sanctions are outlined in a report published recently which sets out the government’s approach to tax avoidance & tax evasion.  The government will consult on the detail of the new evasion regime.

Over the course of this Parliament, as a result of actions taken to tackle evasion, avoidance & non-compliance, HMRC will have secured £100bn in additional revenue.  This includes more than £31bn from big businesses, and an extra £1.2bn from the UK’s 6,000 richest people, who each have a net worth of £20m or more.

Researched Links:

HMRC:  New criminal offences in clampdown on tax evasion

Tackling tax evasion and avoidance

Reducing tax evasion and avoidance

Looking back one can see that tax collection (in some cases) is just like trying to carry live eels

Guardian:  Tax officials call for more resources and better pay after HSBC scandal

Perhaps the Greek government should try and book some places?

What is Social Value at Serco?