Harnett Accountants Wimbledon – Tax Evasion Cases Fall by 25%

Harnett Accountants Wimbledon brings you this article from Accountancy Age, revealing that serious tax evasion cases have fallen by nearly 25% over the last year.

“Serious tax evasion cases identified by HM Revenue & Customs has dropped nearly a quarter over the last 12 months.

In 2011/12, there were 3,456 suspected cases, the lowest number for five years and down 23% on the 4,506 identified in 2010/11, according to figures obtained by law firm, Pinsent Masons.

HMRC defines a case as ‘serious’ where £50,000 or more has been evaded, or when prosecution is possible.”

Source: full article

It’s thought that HMRC’s tough anti avoidance measures are responsible for the decline. HMRC’s has nearly doubled its property raids over the last 12 months, and public awareness of tax avoidance has grown considerably.

If you need advice about taxes, or help to make sure that you are paying exactly the right amount of tax, and running your business in the most tax efficient way possible, contact our accountants in Wimbledon and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can follow us on Twitter, Facebook and Google+. Additionally, you can keep reading our daily blogs.


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