Serious cases of tax evasion 'have plunged in two years'
Fears over the current level of tax evasion and its effect on the economy are overblown, the UK law firm Pinsent Masons has claimed, as new analysis shows the number of serious cases being investigated by HM Revenue & Customs (HMRC) has plummeted over the last two years.
Just 2,888 suspected serious cases of tax evasion were identified by HMRC in the last tax year, Pinsent Masons says. That is 16 per cent lower than the year before, when 3,456 suspected cases were pinpointed, and more than a third lower than 2010-11, when the number was 4,506.
HMRC defines a case as serious if it could result in prosecution or if the tax believed to have been evaded totals £50,000 or above.
The figures come days after G8 leaders agreed new measures to clamp down on tax evasion which, unlike tax avoidance, is illegal. The communiqué from last week's summit in Northern Ireland said authorities "across the world should automatically share information to fight the scourge of tax evasion".
Claiming that some "of the speculation about tax evasion is a little over the top", Phil Berwick, a partner at Pinsent Masons, said: "This decline in suspected tax evasion doesn't tally with the rhetoric from some quarters that the British economy is being undermined by a chronic under-collection of tax revenues."
- 1 Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: It is only rape if the victim is conscious
- 5 Katie Hopkins breaks down in tears over weight gain challenge: ‘I hate fat people for making me do this’
Perez Hilton apologises for publishing Jennifer Lawrence naked 4Chan photos
Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Katie Hopkins breaks down in tears over weight gain challenge: ‘I hate fat people for making me do this’
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£30000 - £45000 per annum + benefits+bonus+package: Harrington Starr: Front-Of...
£700 per day: Harrington Starr: Quantitative Developer C++, Python, STL, R, PD...
£700 per day: Harrington Starr: Java/Calypso Developer Java, Calypso, J2EE, J...
£500 per day: Harrington Starr: SQL Developer SQL, C#, Stored Procedures, MDX...