HM Revenue and Customs releases quarterly reports on individuals and businesses that knowingly file incorrect tax returns or neglect their tax duties. Penalties are imposed for underreporting income and evading taxes. Notable cases include Aowlad Kabiri, fined 26,034.27 for unpaid taxes of 54,809 and Manuel Cilio Gomes Faria, fined 151,598.94 after failing to account for 333,184.50 in taxes. The Chancellor emphasized the unfairness of tax evasion while hardworking citizens fulfill their tax obligations, especially during economic strain from the cost of living crisis.
Aowlad Kabiri, trading as Ayshea Tandoori' at 57 Lind Road in Sutton, was fined a total of 26,034.27 after 54,809 in tax went unpaid between July 1, 2020, and October 30, 2023.
Manuel Cilio Gomes Faria, the Fish R Us employee at 17 The Market, Wrythe Lane in Carshalton, was fined a penalty of 151,598.94 after failing to account for 333,184.50 in tax from June 1, 2011, to September 6, 2018.
Chancellor Rachel Reeves explained the government's plans to help the economy recover and manage finances carefully, stressing it's unfair for some to avoid paying taxes.
Reeves stated it cannot be right that working people pay their taxes while others evade their obligations, amidst challenges faced by those struggling with the cost of living.
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