HMRC payments to informants
HMRC’s payments to informants have reached £605,000, up 50% from last year, according to City law firm RPC. It seems that there is an increasing general public awareness of tax evasion. However, it appears that the typical profile of an informant has changed, with more individuals working in financial and professional services increasingly offering up information, in the hope that HMRC will pay them for this - and apparently HMRC is doing so.
In the US, the policy is to pay whistle-blowers up to 30% of any additional tax, penalty and other amounts collected - could the UK set up a similar scheme with clearly set out incentives for informants?
I am not sure what to think of this:
Do I agree with tax evasion? – No.
Am I happy with whistle-blowing for cash? – It does not sit comfortably.
I would welcome others’ thoughts.
Date: 2nd July, 2015
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