The FT has provided a good summary of the 10 ways — some high-tech, some very traditional — that HMRC can use to identify possible tax evasion.
At the heart of HMRC’s counter-evasion efforts lies a powerful computer program called “Connect”. launched in 2010.
HMRC recently acquired the right to force apps and platforms such as Apple, Amazon and Airbnb to hand over data — including names and addresses of sellers and advertisers — that would help it identify tax-evading businesses. Unsurprisingly the Electronic Money Association, which represents companies like eBay, Airbnb and PayPal, worries there are insufficient safeguards concerning the way the data are used.
Fear and informants also feature on the list.
Happy reading everyone!
Tax does have to be taxing.
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