HMRC Pay £473,000 To Those Who Snitch On Tax Dodgers
Updated: Sep 9, 2020
HM Revenue & Customs (HMRC) paid £473,000 to informants in the 12 months to April 2020 — up from £290,250 in the same period the year before.
The firm says payments are likely to increase further as HMRC seeks to plug a hole caused by the economic fallout from Covid-19. HMRC strongly denies this, saying it is speculation.
HMRC is looking into 8,300 cases of furlough fraud.
Mohammad Yasin, the head of tax investigations at Bower & Leaf, said: “Disgruntled employees may tip off HMRC as a way of getting back at their employer."
HMRC will be investigating a large number of furloughed employees who could be potentially avoiding tax. Many have been working whilst also being paid by the governments furlough scheme, as well as many working jobs which they did not show on there tax returns.
We can help if you are being investigated, our specialist team at Bower & Leaf are here to advise you.
Call us now for advice on furlough schemes and whether you will be affected:
Tel: 0800 702 2516