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HMRC reveals 14 new tax cheats

HMRC reveals 14 new tax cheats

HM Revenues and Customs (HMRC) has update its list of tax cheats on its website.

In total, 14 names were added to the list, ranging from car dealers, food retailers, electricians and hairdressers.

HMRC said each defaulter named had either; deliberately submitted inaccurate returns, deliberately failed to comply with an obligation, or deliberately committed a wrongdoing which would have cheated the exchequer out of more than £25,000 if HMRC had not carried out an investigation.

The 14 have been added to a list of 52 names first published on the HMRC site on 12 November 2013.

HMRC said offences were committed across a range of taxes including VAT, Income Tax, Corporation Tax and PAYE.

HMRC’s Jennie Granger, Director General for Enforcement and Compliance, said: ‘The majority of people declare the tax that is due, but there are a small minority who try to evade their responsibilities.

She added: ‘Publishing taxpayers’ names is not something we do lightly. We are publishing the names of tax cheats as it lets the community know we are tackling this and encourage others to get back on track.

‘Each person named today has cheated the exchequer out of more than £25,000, and that’s unfair to those who pay their tax. In the last year, penalties have ranged from £10,000 to over £29 million.’

For the full list, click here: http://www.hmrc.gov.uk/defaulters/defaulters-list.pdf

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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