London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Increase in the number of prosecutions for tax evasion

Recently reported numbers for criminal prosecutions for tax evasion show an increase of almost a third; 795 prosecutions in 2013-14, up from 617 in 2012-13.

Interestingly though, HMRC set a target of 1,165 prosecutions for 2014/15 as part of its increased focus on tax evasion.  This suggests that HMRC will have to increase substantially the number of prosecutions this year to hit that target. The financial secretary to the Treasury said the numbers show that extra funding in this area is producing results; “These figures send a clear message that we will not put up with tax evasion."

It appears that the increasing volume of criminal prosecutions is one of the measures by which HMRC now judges success.  The numbers could well rise further if the proposals to make non-declaration of offshore funds an automatic criminal offence are adopted.  Currently for criminal sanctions to apply HMRC has to prove that people who have undeclared income offshore intended to evade tax.

 

 

Date: 24th October, 2014
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

We have had lots of festive fun across the 4 offices today fundraising for @savechildrenuk #ChristmasJumperDay we a… twitter.com/i/web/status/9…

Chartered accountants @mercerhole has helped an organisation to preserve more than 190 jobs chambermk.co.uk/news/mercer-ho…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn