Chancellor promises ‘compensation’ for information on tax-dodgers, based on US model, in move to close £1bn ‘tax gap’

Whistleblowers who inform HMRC about tax-dodging will get a cut of any money collected as a result, the government confirmed, as Rachel Reeves announced plans to raise an extra £1bn a year by closing the “tax gap”.

At her first budget in October, Reeves vowed to collect £6.5bn a year by cracking down on tax avoidance, which is legal, and tax evasion, which isn’t.

Spending £100m on 500 HMRC compliance stafff

£87m to improve HMRC’s debt collection

Prosecuting 20% more tax fraudsters

“Compensation” for whistleblowers

Continue reading…Tax avoidance, HMRC, Tax and spending, Rachel Reeves, Spring statement 2025, Politics, UK newsRead More

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