Criminal prosecutions for tax fraud could rise to 800 a year. The Treasury is funding a fivefold increase in HMRC criminal prosecutions through a £900m boost to the taxman’s budget to the fight tax evasion.
HMRC prosecuted 157 individuals for tax evasion in the year ending 30 September 2009.
It is widely believed that a large number of these will stem from the vast data the taxman now has about offshore bank accounts.
What does this mean for me?
Lynam Tax Enquiry Experts have a vast amount of practical experience in managing tax investigations and tax enquiries. We can advise you on the best course of action and if appropriate, help you manage any necessary disclosures or obtain first class legal representation, in order to obtain the optimum outcome for you, your business and your family.
For a free, private, no obligation consultation, call Paul Lynam today on 0845 643 9997