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Tax crimes return to crisis peak as HMRC counts the £603m cost

Tax crimes return to crisis peak as HMRC counts the £603m cost

Tax fraud has returned to a peak not seen since the start of the financial crisis.

New figures revealed tax fraud crimes now account for close to half of all fraud reported in the UK.

The data from accountancy BDO showed that tax fraud now accounts for 44% of Britain's total.

HMRC lost £603 million to tax fraud, BDO said.

The figures follow HMRC's decision to go public with the names and photographs of the biggest tax dodgers it managed to jail in 2012, revealing the group was sentenced to a collective 150 years behind bars.

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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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