HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for:
- deliberately providing one or more inaccurate documents
- deliberately failing to comply with an HMRC obligation
- committing a VAT or excise wrongdoing
These deliberate acts have resulted in HMRC establishing an additional amount of tax of more than £25,000. Details will only be published when the taxpayer has not made a full and immediate disclosure when HMRC started to investigate or prior to any investigation.
The list relates to deliberate defaulters who’ve been dealt with using civil proceedings. It does not contain convicted tax criminals, who will have been found guilty of a criminal offence in open court and therefore the verdict and sentence is a matter of public record. In many cases where tax criminals have been successfully prosecuted, details are released for the cases of those convicted in a press release.
Internet link: GOV.UK publications
It’s important that you comply with all of the HMRC regulations to avoid fine and possible prosecution. Get in contact with us for help with you accounts!