| Tax cheats have been
warned they face up to five years of
detailed scrutiny by HM Revenue & Customs
(HMRC). Starting in February, letters
have been going out to 900 known evaders,
warning them they will be subject to
increased levels of personal
scrutiny as part of the new Managing
Deliberate Defaulters (MDD) programme.
The programme will closely monitor the
tax affairs of individuals and businesses
who have deliberately evaded tax to ensure
that they are complying with tax
obligations on an ongoing basis.
HMRC said that anyone tempted to break
tax rules could face continued and close
scrutiny for five years if they do so.
The level and term of monitoring will
depend on the seriousness of the offence
but HMRC does not anticipate that anyone
will be released from the programme within
two years.
HMRC will continue to check that
returns are filed on time and that any tax
that is due is paid on time, with regular
reviews of deliberate defaulters’ tax
affairs to check that any errors or
failings have been put right.
Safeguards are also being put in place
to ensure that deliberate defaulters do
not escape scrutiny by simply starting up
a new business under a different name or
identity. In these instances, HMRC may
continue to monitor the new business.
LINK:
The Managing Deliberate Defaulters
Programme |
