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Individuals and companies that have been caught dodging tax can be publicly named and shamed on the website of HM Revenue and Customs from next month. Customers of HMRC must have dodged at least £25,000 in taxes to feature on the blacklist, which was introduced in last year’s Budget and will go live on April1st. But because the supporting legislation deals only with evasions on or after April 1 2010, it not expected that any names will be published before the first half of 2011. Taxpayers who know they have not paid enough tax are invited by HMRC to come clean to their tax office “without delay” to avoid having their name published. A taxpayer’s name and details will also not be added to the list “until all appeal avenues against the additional tax and penalties are exhausted ,” HMRC has said. Announcing the initiative’s live date of April 1st, Stephen Timms, financial secretary to the Treasury, reflected that it was “only right that people pay their fair share of tax.” “This new approach should make people think again about trying to get away with tax fraud,” he said. “As well as having to pay the tax, interest on the tax, plus penalties of up to 100 per cent of the tax lost, they also now risk being identified publicly.” Mar 9, 2010 Email this article Printer friendly page Previous Page
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