You are here: Home - Buy to Let - News -

Tax evasion prosecutions double as HMRC eyes middle class

Written by:
HM Revenue & Customs successfully prosecuted more than 600 people for tax evasion in 2012-13, more than double the amount in the previous 12 months and ahead of its target for 2013, figures show.

A total of 617 people faced criminal prosecutions in 2012-13, up from 302 in 2011-12 and well in excess of HMRC’s target of 565 prosecutions for the year, according to figures obtained by law firm Pinsent Masons.

Jason Collins, a partner with the company, said investigators are focusing more on middle class tax evaders than the super-rich.

“There is a definite pick up in investigatory action against white collar businesspeople. HMRC’s policy is clearly to use hard-line sanctions to help deter any wrongdoing.

“These aren’t necessarily individuals who owe hundreds of thousands of pounds, but people like doctors, dentists, lawyers, construction contractors and restaurant owners who have not declared amounts in the tens of thousands.

“Those in a position of trust or responsibility, such as lawyers, medical practitioners or business or financial consultants, are increasingly in HMRC’s line of fire, and we are also seeing an increase in buy-to-let investors falling foul of the system.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2021-2022

Read our guide to the best mortgage lenders in the UK

Read More >