{"id":1354,"date":"2016-06-14T09:29:37","date_gmt":"2016-06-14T09:29:37","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1354"},"modified":"2016-06-14T09:29:37","modified_gmt":"2016-06-14T09:29:37","slug":"hmrc-tightens-the-screws-on-tax-evasion","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/hmrc-tightens-the-screws-on-tax-evasion\/","title":{"rendered":"HMRC tightens the screws on tax evasion"},"content":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) is tightening the screws on tax evasion, according to new data which revealed a significant year-on-year rise in \u2018specialist investigations\u2019.<!--more--><\/p>\n<p>Approximately 3,000 firms were referred for \u2018specialist investigation\u2019 during the 2015\/16 tax year, representative of an 8 per cent rise in serious investigations in comparison with 2014\/15, according to studies conducted by law firm, Pinsent Masons.<\/p>\n<p>The summer 2015 Budget saw HMRC receive an additional \u00a3800m to tackle the ongoing issue, and the tax man has plans to \u2018triple\u2019 the number of criminal prosecutions into \u2018serious and complex tax crime\u2019,<em> Economia<\/em> has reported.<\/p>\n<p>An HMRC spokesperson warned: &#8220;If you\u2019ve been cheating on your taxes, it always makes more sense to come to us before we come for you.\u201d<\/p>\n<p>\u201cAnyone who is concerned that their tax position is compromising is likely to find that the taxman looks more favourably on them if they come forward of their own volition to reach a solution.\u201d<\/p>\n<p>&#8220;We use some of the world\u2019s most sophisticated data systems to identify tax dodgers and we take tough action against them, prosecuting more than 1,000 tax evaders and securing more than \u00a326 billion in additional revenue last year.<\/p>\n<p>\u201cAlongside this, we have bought in more than \u00a32 billion from offshore tax evasion initiatives since 2010, with more to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) is tightening the screws on tax evasion, according to new data which revealed a significant year-on-year rise in \u2018specialist investigations\u2019.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1354"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1354"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1354\/revisions"}],"predecessor-version":[{"id":1355,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1354\/revisions\/1355"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}