Tax Rebates & Refunds

List of potential tax evaders investigated by HMRC

November 30, 2012
Posted in Income Tax, Other Tax — Written by Chris

It has been reported that officials within HM Revenue & Customs, the department which calculates income tax and processes tax rebates, are currently examining a list of more than 4,000 British residents who could potentially be evading tax.

The list is rumoured to have been leaked from HSBC in Jersey and contains details of 4,388 people who live in Britain but bank in the Channel Islands area, which is known to be a tax haven. According to a report in the Daily Telegraph, those on the list hold nearly £700 million with the bank, plus unfathomable billions in investment schemes.

HSBC has not confirmed that it provided the information, and denied knowledge of an HMRC investigation. If the list did come from the bank’s records, it is not believed to have been paid for by the government department.

In a recent statement, HMRC said:

“We can confirm we have received the data and we are studying it,”

“Clamping down on those who try to cheat the system through evading taxes and over-claiming benefits is a top priority for us, and we value the information we receive from the public and business community.”

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