You are here: Home - Retirement - Retirement planning - News -

HMRC warns tax cheats to act now on undeclared income

0
Written by:
12/11/2012
HM Revenue & Customs (HMRC) has set up a website to help people pay the correct amount in tax as part of its targeted campaign to stop criminal avoidance.
HMRC warns tax cheats to act now on undeclared income

The site – www.gov.uk/sortmytax – has been established using part of the £917m allocated from government to tackle tax avoidance.

David Gauke, exchequer secretary to the Treasury, said: “It always makes sense to declare all your income and tax dodgers are simply storing up trouble for the future; getting caught means higher fines, and in the most serious cases criminal prosecution.

“There is an alternative. Simply visit the new website and make a fresh start.”

HMRC director-general, enforcement and compliance Jennie Granger added: “Most people pay the right tax. Our campaign is aimed at those who don’t. Our message to the small percentage who don’t is a simple one: ‘The net is closing in.’

”If you’ve declared all your income you’ve nothing to fear. And if you know someone who isn’t paying what they should, get in touch with HMRC. It isn’t fair that you pay what you should and they don’t.“

The campaign is one part of HMRC’s broader work to tackle evasion and fraud which includes taskforces, campaigns and offshore penalties.

HMRC aims to raise an additional £7bn a year by 2014/15 by tackling tax evasion.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2223916-fsa1
Political pressure could ‘dilute’ FCA powers

Lord Sassoon, the architect of the twin peaks regulatory reforms, has warned the outcome of the Financial Services Bill could...

Close