Tax evaders could face up to 5 years detailed scrutiny from the HM Revenue and Customs (HMRC).
HMRC are sending letters to an estimated 900 tax evaders as part of a new programme by the Managing Deliberate Defaulters (MDD), informing them that they are now under increased levels of personal scrutiny.
Under the new programme, the MDD will closely monitor the tax affairs of individuals and businesses who they believe have deliberately evaded tax and could possibly face up to 5 years of interest from the taxman.
The latest move by the HMRC is part of a £900m investigation on tax evasion, avoidance and fraud that was highlighted in last years spending review. The move aims to boost tax revenues by £7bn a year.
Evaders who fail to keep there tax in order will face intensive interventions from HMRC and if the evasion continues, HMRC may start criminal proceedings.
For more information, please visit the HMRC’s website - http://www.hmrc.gov.uk/
