"Chancellor Rachel Reeves is preparing to announce a landmark whistleblower reward scheme that will pay informants a share of the taxes recovered from exposing large-scale fraud - a first for the UK. According to the Financial Times, the initiative will be unveiled in the Autumn Budget later this month as part of the government's wider "Close the Tax Gap" strategy."
"The scheme, modelled on the successful US system, would allow HMRC to pay tipsters up to 30 per cent of any money recouped from tax evasion cases based on their information. The move represents a major shift in Britain's approach to whistleblowing, which has traditionally relied on moral duty rather than financial incentive. "The new incentive programme will target higher-value tax fraud and supercharge enforcement," a Treasury source said."
Chancellor Rachel Reeves will introduce a whistleblower reward scheme in the Autumn Budget to pay informants a share of taxes recovered from large-scale fraud. The scheme is modelled on US systems and permits HMRC to award tipsters up to 30 percent of recovered funds for tax evasion cases. The programme prioritises higher-value fraud and aims to boost enforcement. Treasury estimates place tax evasion at £5.5 billion in 2022-23, while £47 billion went unpaid in 2023-24. HMRC conducted 648 raids last year, a 42 percent increase, and paid nearly £1 million to informants in 2023-24, up 92 percent.
Read at Business Matters
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