HMRC pays record sum to tax informants

False invoices and unpaid corporation tax bills are reportedly among the evidence that 250 people a day are approaching the taxman with to inform on former colleagues and bosses.

Ex-partners are even more typically the target of over 97, 000 people who last year became tax informants, according to official figures obtained by The Telegraph.

Released under freedom of information rules, the dataset specifies rewards for whistleblowers of up to £1,000, which HM Revenue & Customs can give where tip-offs lead to a big haul.

But only a small number of last year’s whistleblowers were said to have received the record £402,160 that HMRC paid over the period for information about people’s financial affairs.

The newspaper added that the Revenue’s £400k payout to informants is up 30% in three years, even though experts were cited as saying HMRC is reluctant to pay unless it has to.

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Written by Simon Moore

Simon writes impartial news and engaging features for the contractor industry, covering, IR35, the loan charge and general tax and legislation.
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