HMRC ups use of terror laws to hunt tax evaders

Laura Miller
clock

HM Revenue and Customs (HMRC) inspectors are increasingly using controversial powers to monitor suspected tax evaders, official figures suggest.

Revenue officers were granted 5,492 requests to spy on people under the Regulation of Investigative Powers Act (Ripa) 2000, legislation designed tackle terrorism and serious crimes, the Telegraph reports. The figure marks an 80% increase in just four years, with the overwhelming majority of requests to use Ripa for tax evasion being granted. Revenue inspectors are known to visit harbours and airfields to trace owners of luxury yachts, helicopters and private aircraft in a bid to stem the £3bn annual cost of lost tax. Caroline Spelman, shadow communities secretary, says: "Tax offici...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Offshore Investment

Aegon expands offshore bond offering to 'address adviser needs'

Aegon expands offshore bond offering to 'address adviser needs'

Adds Utmost Wealth Solutions Ireland through ARC

Jenna Brown
clock 27 February 2025 • 1 min read
FCA charges advice duo over 'reckless' high-risk pension investments

FCA charges advice duo over 'reckless' high-risk pension investments

Stephen Joseph Burdett and James Paul Goodchild have also been fined

Hope Coumbe
clock 24 May 2024 • 1 min read

New awards will celebrate excellence in Channel Islands financial services

Entries now open - deadline for submissions 8 June 2016

Professional Adviser
clock 17 March 2016 • 1 min read