Taxpayers who evade more than £25,000 of tax will now be ‘named and shamed’ by HM Revenue and Customs (HMRC) where the evasion affects a period after 1 April 2010. It is expected to be 2011 before the first tax evaders will be publicly exposed on the HMRC website.
HMRC are hoping that the threat of reputational damage will prove to be a powerful weapon in the fight against tax-dodging.
If your tax affairs are under investigation or you have past under-declarations of tax that you wish to disclose to HMRC, we can advise you.
