HMRC hands out £12.5m in fines for tax evaders

A fish seller, buy-to-let landlords and a crypto investor, not to mention an accountant and bookkeeper, all failed to pay their taxes and face millions of pounds in penalties

The amount of tax owed by deliberate defaults hit £20.6m for the last quarter, although this was down by nearly a third since the March figure of £27.9m

HMRC has issued penalties for unpaid tax totalling £12.5m in an effort to force the tax evaders to settle their bills. This compared to penalties of £18.4m for the last quarter. Here is a rundown of some of the more substantial examples of tax evasion and the lengths HMRC is going to in a bid to recover the millions in evaded tax.

Top of the list this month is buy-to-let landlord and crypto investor, Erica Claire Stanford, who racked up a staggering £4.04m in unpaid tax from 2015 to 2020, and now has been hammered with a £2.82m fine.

On a smaller scale a buy-to-let property owner avoided paying £152,819 and faces a penalty of over £80,000 while a labourer spent three years avoiding paying tax, with an outstanding bill of £738,687, equivalent to nearly £250,000 in annual earnings, which never crossed HMRC’s radar until a fine of £517,000 was issued in bid to recover the unpaid tax.

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