Tax cheats who owe the Exchequer more then £25,000 are to be named, shamed and blacklisted by the Government in a further bid to crack down on tax evasion.
As part of a package of measures to clamp down on tax avoidance and evasion, HMRC will publish a backlist comprising both companies and individuals who have "deliberately understated more than £25,000 of tax," according to the Budget Report. Furthermore, HMRC will establish a statutory requirement for senior accounting officers of major corporations to personally certify that adequate controls to prepare tax computations are in place. The Revenue will insist small businesses and serial individual defaulters of amounts over £5,000 provide more information about their tax affairs for up t...
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