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Chancellor says ‘compensation’ for people who inform on tax-dodgers follows US model and could help close £1bn ‘tax gap’Whistleblowers who inform HMRC about tax-dodging will get a cut of any money collected as a result, the government confirmed, as Rachel Reeves announced plans to raise an extra £1bn a year by closing the “tax gap”.At her first budget in October, Reeves vowed to collect £6.5bn a year by cracking down on tax avoidance, which is legal, and tax evasion, which isn’t.Spending £100m on 500 HMRC compliance stafff£87m to improve HMRC’s debt collectionProsecuting 20% more tax fraudsters“Compensation” for whistleblowers. Continue reading…
Chancellor says ‘compensation’ for people who inform on tax-dodgers follows US model and could help close £1bn ‘tax gap’
Whistleblowers who inform HMRC about tax-dodging will get a cut of any money collected as a result, the government confirmed, as Rachel Reeves announced plans to raise an extra £1bn a year by closing the “tax gap”.
At her first budget in October, Reeves vowed to collect £6.5bn a year by cracking down on tax avoidance, which is legal, and tax evasion, which isn’t.
Spending £100m on 500 HMRC compliance stafff
£87m to improve HMRC’s debt collection
Prosecuting 20% more tax fraudsters
“Compensation” for whistleblowers.