Over 50,000 voluntary disclosures by professionals were received by the HMRC as a result of the taxman’s amnesty - the Offshore Disclosure Facility (ODF) and New Disclosure Opportunity (NDO) - gaining the taxman nearly £500m back in unpaid taxes. The Tax Health Plan (THP) also saw the taxman gain a further £10m back following 1,500 disclosures from medical professionals.
The ODF also raised £91m and the NDO £6m through subsequent investigations. On top of the 16 criminal investigations, which have arisen following the crackdown on tax evasion, the HMRC are also looking into 3,000 further leads.
Gary Ashford, head of tax investigations at RSM Tenon, said: "HMRC is sticking to its word to try and deliver a five-fold increase in prosecutions by opening these criminal investigations, and this is a clear indication that they are stepping-up their fight against tax evasion and non compliance."
The next step for the HMRC is a crackdown on people holding overseas bank accounts and an online register of tax evaders will see evaders being named and shamed online.
An HMRC spokesman said: "HMRC has now successfully launched two major campaigns to address significant risk areas for HMRC such as offshore tax evasion. Campaigns are focused on changing customer behaviour and bringing more people into compliance in a simple, straightforward way and keeping them there.
"Several thousand more offshore-related enquiries related to the NDO and the information collected from banks by HMRC on offshore customers have already started.”
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