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Revenue to 'name and shame' tax evaders
Individuals and companies who deliberately fail to pay taxes of more than £25,000 are to be named and shamed with effect from 1 April, HM Treasury has confirmed.
The plans were first announced in the 2009 Budget, and will allow HM Revenue & Customs (HMRC) to publish the names, addresses and details of tax evaders on its website.
As well as being publicly identified, tax evaders will have to pay the tax, interest on the overdue amount, and penalties of up to 100%.
Stephen Timms, Financial Secretary to the Treasury, said, 'We are only targeting deliberate tax evaders. So if you know that you have not paid the right tax, and you want to avoid being named, contact HMRC right away to set things straight'.
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