– Tax Evasion Cases Fall By 25%
brings you this article from Accountancy Age, revealing that serious tax evasion cases have fallen by nearly 25% over the last year.
Key Considerations
“Serious tax evasion cases identified by HM Revenue & Customs has dropped nearly a quarter over the last 12 months.
In 2011/12, there were 3,456 suspected cases, the lowest number for five years and down 23% on the 4,506 identified in 2010/11, according to figures obtained by law firm, Pinsent Masons.
What Hmrc Says
HMRC defines a case as ‘serious’ where £50,000 or more has been evaded, or when prosecution is possible.”
It’s thought that HMRC’s tough anti avoidance measures are responsible for the decline. HMRC’s has nearly doubled its property raids over the last 12 months, and public awareness of tax avoidance has grown considerably.
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