FAQs about tax fraud in the UK answered
Fraud has always been a hot-button issue, and it goes without saying that if you file your own tax returns at the end of the financial
year, you are at a higher risk of committing tax fraud, even if it is purely accidental!
But, if you have discovered that you are already being accused of tax fraud by HMRC, you will likely have some questions for a
fraud solicitor. In this article, some of the most common queries regarding tax fraud are answered, so you can get a basic
understanding of what it is and its severity.
What is tax fraud in the UK?
Tax fraud in the UK refers to the illegal act of deliberately failing to pay the correct amount of tax owed to the government or
claiming false tax credits or deductions to reduce the amount of tax owed. So, if you have concerns that you are going to be
investigated for tax fraud, contact a fraud solicitor as soon as you can to defend yourself.
What are the consequences of committing tax fraud in the UK?
The consequences of committing tax fraud in the UK can be severe and may include criminal prosecution, fines, and imprisonment.
The specific consequences will depend on the nature and severity of the tax fraud committed.
If you are found guilty of tax fraud, you may face a prison sentence of up to seven years, depending on the circumstances of the
case, so contact a fraud solicitor for advice.
You may also be required to pay back any tax that was evaded with interest and pay the penalty, which can be up to 100% of the tax
that was evaded. Being convicted of tax fraud can also have serious personal and professional consequences, such as damaging your
reputation and making it difficult to find employment. So, always be sure to have a fraud solicitor working on your defence case as
soon as you can.
How does the UK government investigate tax fraud?
Many agencies can help with t