Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

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

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter