Pay online

Privacy notice

Contact us

Map

Client login

 01332 202660

e-signing

guide

email

Accountant background

HMRC target 'tax cheats'

ARCHIVE

NEWS

BUSINESS

AUG 2016

OUR

PROCESS

GET IN TOUCH
WITH US

GET TO KNOW

US

HMRC have launched a new taskforce to tackle wealthy tax cheats who are living beyond their means in Northern Ireland. They expect the campaign to recover approximately £18 million.

They will be using Land Registry and Merchant Acquirer data to identify those with 'badges of wealth' such as large houses, aeroplanes, boats and undeclared offshore bank accounts which are not in keeping with the information they report to HMRC.

Taskforce Lead, Ian McCafferty, said:

'Our intelligence shows that people being targeted by this taskforce have no intention of playing by the rules and could end up facing a heavy fine or even a criminal conviction.

Those who pay the tax they are supposed to have nothing to worry about.

Using the information we hold, we can target people whose lifestyle does not reflect the tax they are paying.

It's not fair that a small minority are living the millionaire lifestyle as a result of them not paying their tax, while the rest of us live within our means and pay our fair share.'

A separate taskforce used similar HMRC data to identify and prosecute Dr Francis Gerard D'Arcy, a Belfast ear, nose and throat consultant.

After a successful prosecution, he was sentenced to four concurrent, two-year jail sentences for evading taxes of nearly £500,000. This new taskforce will be targeting similar wealthy individuals who have evaded their taxes.'

Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ   T: 01332 202660

Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd.  Registered in England No. 05770414

Registered to carry out audit work by the Association of Chartered Certified Accountants - auditregister.org.uk 8011438

       Services

Member of the Association of Chartered Certified Accountants
Phone

01332 202660

61 Friar Gate  Derby  DE1 1DJ

Tax planning
Tax problems