New list of deliberate tax defaulters published
HMRC has published its sixth list of deliberate tax defaulters. The list includes fifteen individuals, businesses and companies and lists the amounts on which penalties are due and the amount of penalties charged. One of the companies listed (an alcohol supplier) had to pay penalties of over £2.7m.
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 legislation that allows HMRC to publish details of deliberate defaulters is contained in Section 94, Finance Act 2009. Taxpayers who make unprompted disclosures or a satisfactory fully prompted disclosure will not be affected.
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.