HM Revenue & Customs has dramatically increased the number of raids it makes. Such swoops to: enter properties; search for evidence; and seize material are an essential part of HMRC’s criminal investigations. In 2011/12 the taxman raided 499 premises, compared to 196 property searches the previous year: according to a report in Accountancy Age today.
Also in 2011/12 545 people were charged with tax evasion and excise fraud; with 413 people being convicted: a conviction rate of over 90%. The taxman claims these criminal cases prevented a loss to the Exchequer of around £940m. This follows last year’s Government investment of giving HMRC an extra £917m to combat tax evasion and avoidance.
The taxman said: “We have increased the number of properties we search to help deliver a fivefold increase in criminal prosecutions for tax evasion.”
Lynam Tax Investigation Experts have a vast amount of practical experience in managing serious tax fraud investigations. If you are worried about a tax investigation we can advise you on the best course of action. If appropriate, we can help you manage any necessary disclosures. If you are facing criminal charges we can help you 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