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17% rise in tax evasion and avoidance among wealthy individuals

Summary by BizToc

The UK's tax authority, HMRC, has observed a significant increase in tax evasion and avoidance by wealthy individuals, with figures rising from £1.9bn ($2.5bn) to £2.1bn over the last year, according to UK accountancy group UHY Hacker Young. UHY Hacker Young has reported a concerning trend of…

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International Accounting Bulletin

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17% rise in tax evasion and avoidance among wealthy individuals

The UK’s tax authority, HMRC, has observed a significant increase in tax evasion and avoidance by wealthy individuals, with figures rising from £1.9bn ($2.5bn) to £2.1bn over the last year, according to UK accountancy group UHY Hacker Young. UHY Hacker Young has reported a concerning trend of growing tax evasion and avoidance among affluent taxpayers in the UK. The national accountancy group’s data indicates that the amount of underpaid tax by t…

3 days ago

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