Deliberate tax defaulters list updated
HMRC has published an updated list of deliberate tax defaulters as at 14 September 2016. The list includes individuals, businesses and companies and lists the amounts on which penalties are due and the amount of penalties charged. The details of a tax defaulter details will be held on HMRC’s website for a maximum of twelve months from the date they are first published and are not stored within the national archives. One of the companies listed, a property management company based in Sussex had to pay penalties of over £1m.
A deliberate defaulter is a person who incurs a relevant penalty for one of the following:
- An inaccuracy in a return or document for a tax period beginning on or after 1 April 2010.
- A failure to comply with certain obligations, such as the obligation to notify HMRC of a liability to tax.
- A VAT or excise wrongdoing that occurred on or after 1 April 2010.
The measure affects the following groups of taxpayers:
- Taxpayers (individuals, businesses and companies) who are penalised for deliberately understating tax due, or overstating claims or losses, of more than £25,000.
- Taxpayers who are penalised for deliberately failing to notify HMRC when required to do so, leading to a loss of tax of more than £25,000.
- Taxpayers who are penalised for deliberately committing certain VAT and excise wrongdoings, leading to a loss of tax of more than £25,000.
Taxpayers who make unprompted disclosures or a satisfactory fully prompted disclosure are not affected by these rules.