Tax Dodging by Rich Could Be ‘Much Greater than Thought’, Says UK Audit Office

Tax dodging by rich could be ‘much greater than thought’, says UK audit office

Watchdog issues warning after tax authority succeeds in raising more tax from wealthy than previously estimated

HMRC secures more of the tax due from wealthy people, with further gains possible

Beware tax avoidance scheme promoters – HMRC cracks down with new powers - Smailes Goldie

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools, hospitals and other essential services, is in part, leading the Government to borrow more than expected. As a result, HM Revenue & Customs (HMRC) is being given additional powers to crack down on tax avoidance and protect the public purse. What new powers will HMRC have? The focus of the reform…