Autumn Statement 2014: HMRC to consult on naming and shaming serial tax avoiders

Currently there are no additional financial costs, compliance or reporting requirements for individuals who have been engaged in the use of multiple tax avoidance schemes.

HMRC have legislation, in s94 Finance Act 2009, to enable them to publish the names of taxpayers who ‘deliberately’ get their tax affairs wrong,but there are currently no provisions for ‘naming and shaming’ taxpayers whose actions do not amount to deliberate evasion.

HMRC have announced that they will consult on imposing additional financial costs, compliance and reporting requirements as well as naming and shaming serial tax ‘avoiders’.

HMRC wish to discourage taxpayers from getting involved in tax avoidance schemes and believe that ‘naming and shaming’ will potentially achieve this.