MAJOR UK LAW FIRM LAUDS HMRC FRAUD UNIT FOR CLAWING BACK EVADED TAXES
December 1st, 2019
Fraud busting measures by British tax and customs authorities netted an additional GBP5.4 billion (USD7 billion) for state coffers in 2018, according to research from law firm Pinsent Masons. It found that the Fraud Investigation Service (FIS) in Her Majesty’s Revenue & Customs (HMRC) clawed back the extra billions in large part through tax and fines following investigations into criminal gangs importing illegal cigarettes and alcohol, which accounted for GBP2.9 billion (USD3.77 billion) that year. The FIS collected another GBP1 billion (USD1.3 billion) ...
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