Time to get serious about tax fraud
13 September 2012
Tax column
Considering the implications of a new ‘fraudulent evasion of income tax’ offence
If you briefly skimmed over the Revenue press release announcing a new statutory offence of evading income tax, you might have been led to believe that the UK was awash with non-compliant taxpayers. The release talks of ‘cracking down on the informal economy’ and getting people to join the ‘legitimate world of work, or face the consequences’. It is highly emotive...