The construction sector comprises nearly a quarter of deliberate tax defaulters, revealing a troubling trend and evading nearly £15 million in taxes.
The financial penalties for tax evasion are significant; with averaged penalties of £79,536, this impacts the financial health of legitimate businesses.
The spokesperson expressed concerns about the negative image created by tax evasion, emphasizing that unethical practices undermine the entire industry.
It’s crucial to promote ethical practices and compliance with tax laws to ensure the integrity and reputation of the construction sector.
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