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- •HMRC defines tax fraud as deliberate misrepresentation to gain tax advantages.
- •Common fraud methods include false tax returns and offshore income concealment.
- •The public is encouraged to report suspected tax fraud to help recover lost funds.
HMRC has published guidance on tax fraud, highlighting various illegal activities such as submitting false tax returns and hiding income offshore. The publication emphasizes that tax fraud undermines the economy and public services. It outlines the definition of fraud and the methods used by criminals, including organized crime targeting the tax system. HMRC encourages the public to report suspected tax fraud, detailing various types of fraud that can be reported. The agency is focused on preventing tax fraud and recovering lost funds for public services.
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Common questions
What types of tax fraud can be reported?
You can report various types including false tax returns, tax credit fraud, and hiding assets.
How does HMRC define tax fraud?
Tax fraud is defined as any deliberate omission or misrepresentation of information to gain a tax advantage.
What should I do if I suspect tax fraud?
You should report it to HMRC using their online reporting form, providing as much detail as possible.