HMRC Releases Criminal Case Highlights of 2016

On January 7, the HM Revenue and Customs revealed its top ten most significant fraud and organized crime cases of the last year, together with other statistics from 2016.

2016 Overview

In the ongoing fight against tax evasion, HMRC’s criminal investigations have led to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years. Many of the cases won by HMRC in 2016 involved company directors, accountants and organized criminals. These individuals were involved in a wide range of criminal activity including excise smuggling, hiding assets from HMRC in offshore accounts, and frauds disguised as tax avoidance schemes.

Most Significant Cases

Some of the more severe investigations include a group of film producers, accountants, financial advisers and investment bankers, who were jailed for a total of 36 years for their part in a £2.2 million film tax scheme fraud. Another three men jailed for a total of 27 years for a film fraud disguised as a tax avoidance scheme, which was intended to defraud taxpayers of £100 million, the HMRC reported.

Sources: HMRC
 

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