The amount paid to informants by HM Revenue and Customs in the year to 31 March 2015 was a Record £605,000. That’s a full 50% up on the amount paid out in the previous year, according to a report by Calum Fuller in Accountancy Age this week.
HMRC were keen to publicise the fact that the majority of their informants do not get paid anything. Much of the information passed on to HMRC by informants is of negligible value, and is often incorrect or malicious.
HMRC were keen to assert: “Cash rewards are discretionary and based on what is brought in a direct result of the information provided”. It has to be assumed that the recipients of the £605,000 had all passed on specific and valuable intelligence about tax evasion.
It is commonly said by tax inspectors that the most valuable sources of information are: disgruntled ex-employees, mistresses, and spurned wives!
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