Income tax clampdown nets £3m. more for public coffers
Saturday 5th January 2013, 3:00PM GMT.
ISLANDERS have tried to hide £9.5m. from the taxman.
Investigations carried out by the Income Tax Compliance and Investigation Unit saw 162 enquiries in 2012.
Tax on the multi-million pound figure for undisclosed income would have generated £1.9m., but late payment surcharges and penalties took the amount recovered by Income Tax to a record £3m.
Director of Income Tax Rob Gray, pictured, said recent additional powers made it easier to catch evaders.
‘The net is continually being closed on the minority who attempt to evade or avoid paying the correct amount of income tax,’ he said. ‘In the past, tax evasion was often considered a “soft crime” but the effects impact on every person who uses public services – the taxes we pay fund those services.