Published details of deliberate tax defaulters
27 November 2017
The list of deliberate tax defaulters has been updated with the latest penalties charged to those companies found to be falling foul of tax law.
Topping the bill is yet another metals trader ‘CMS Metals Ltd’ who have been charged £5,774,265.16 in penalties for deliberating defaulting on over £11 million in tax payments between January 2012 and December 2013.
See the current list of deliberate tax defaulters on GOV.UK.
Background
HMRC will publish details of those people who have received penalties either for:
- Deliberate errors in their tax returns
- Deliberately failing to comply with their tax obligations
HMRC may publish information about a deliberate tax defaulter where:
- HMRC have carried out an investigation and the person has been charged one or more penalties for deliberate defaults
- those penalties involve tax of more than £25,000
However, their information won’t be published if the person earns the maximum reduction of the penalties by fully disclosing details of the defaults.
HMRC will publish enough information to identify the:
- Deliberate tax defaulter
- Penalties imposed for their deliberate defaults
- Amount of tax on which those penalties are based
HMRC will only publish this information once these penalties are final.
The law requires that any information about the person is not published for more than 12 months from the date it is first published, and the lists of deliberate tax defaulters won’t be captured for the National Archives.