HMRC prosecutes tax evading IT contractor
IT contractors should be aware that HMRC will track down anybody it believes could be guilty of tax evasion as a Scottish consultant found to his cost recently.
fraud
Tax evading contractors could face criminal prosecution
Under new proposals published last week, individuals, including umbrella contractors, who are suspected of committing a tax fraud will no longer be immune from prosecution.
HMRC signs deal with Experian to catch tax credit fraudsters
Umbrella company contractors who receive tax credits or other financial assistance may be interested to learn that HMRC recently signed a deal with Experian to help it catch people who fraudulently claim tax credits and other benefits.
Global cybercrime costs businesses £172 billion a year
Umbrella company IT contractors could find themselves more in demand after Symantec revealed that global cybercrime is costing businesses £71.6 billion a year.
Fraudsters to be offered disclosure facility
HMRC is to offer a disclosure facility to taxpayers, including umbrella company contractors, it suspects of fraud.
New anti-fraud technology will save HMRC millions
Umbrella company contractors might want to take heed of the news that HMRC has got some new anti-fraud technology that it hopes will save it up to £20 million a year.
Are umbrella contractors prepared for new Bribery Act?
Despite the new Bribery Act coming into force on the first of July, one in seven people who work in large organisations are prepared to offer cash bribes in a bid to secure business. Furthermore, nearly 50% are not aware of an anti-bribery policy in the company.
HMRC exceeds last year’s tax credit fraud prevention target
George Osborne has told his fellow MPs that HMRC stopped £1 billion of incorrect or fraudulent tax credit payments in the last financial year.
HMRC says it will continue to chase tax underpayment cases
The BBC was recently told by HMRC whistleblowers that the Revenue has been instructed not to chase a lot of underpayment cases that are over two years old and which could be open to a legal challenge; a claim that has been strongly denied by an HMRC spokesman.