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On 8 November, senior officials in HMRC were informed of the loss, with Chancellor of the Exchequer, Alistair Darling being informed on 10 November. [3] On 20 November Darling announced: Two password-protected discs containing a full copy of HMRC's entire data in relation to the payment of child benefit was sent to the NAO by HMRC's internal ...
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
A poll conducted by the Trades Union Congress in 2012 found that perceptions among the British public were that benefit fraud was high – on average people thought that 27% of the British welfare budget is claimed fraudulently; [8] however, official UK Government figures have stated that the proportion of fraud stands at 0.7% of the total ...
Carousel fraud, explained by the Dutch State. Missing trader fraud (also called missing trader intra-community fraud or MTIC fraud) involves the non-payment of Value Added Tax (VAT) to a government by fraudsters who exploit VAT rules, most commonly the European Union VAT rules which provide that the movement of goods between member states is VAT-free.
The Serious Fraud Office (SFO) in the UK has received an additional £9.3 million from the government to enhance its capabilities in addressing complex fraud and corruption. This funding aims to improve the agency's resources and operational efficiency, particularly in light of concerns regarding its effectiveness in handling high-profile cases ...
Around 2,300 tax compliance staff – nearly a tenth of that workforce – were redeployed in 2021-22.
K2 was an offshore wealth management scheme in which salaries of individuals in the United Kingdom were channelled through shell corporations in Jersey, Channel Islands.In June 2012, media reporting of people using K2 for the purposes of tax avoidance was followed by the United Kingdom's Prime Minister David Cameron characterising the scheme as "morally wrong". [1]
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