HMRC launches US-style reward' scheme for exposing tax dodgers
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HMRC launches US-style reward' scheme for exposing tax dodgers
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Whistleblowers who provide information that leads to the collection of unpaid tax can get 15 to 30 per cent of the funds recovered, excluding penalties and interest. However, the scheme is only for individuals who have information about serious tax avoidance, meaning 1.5 million or more. This means successful whistleblowers could receive 450,000 for reporting to HMRC, before penalties and interest."
The Independent covers issues from reproductive rights to climate change and Big Tech, sending reporters on the ground to investigate developing stories. The outlet investigates financials such as Elon Musk's pro-Trump PAC and produces documentaries like 'The A Word' about American women fighting for reproductive rights. The Independent seeks to parse facts from messaging, avoids paywalls, and requests donations to fund reporters and maintain accessible journalism. HMRC is launching a reward scheme paying whistleblowers 15 to 30 per cent of recovered unpaid tax, excluding penalties and interest, for cases recovering 1.5 million or more. Successful whistleblowers could receive 450,000. The scheme mirrors the US IRS programme, which paid 121 rewards totaling $88.8 million from October 2022 to September 2023.
Read at www.independent.co.uk
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