Tax fraud call to arms

What is the UK's tax gap in 2019/20, and what is the equivalent in cash terms?

5.3 percent and GBP35 billion

Approximately 5 percent and GBP30 billion

5.3 percent and GBP35 million

5.3 percent and GBP30 billion

In what two emerging ways is tax fraud being tackled?

HMRC has placed more obligations on businesses to self-regulate and the government has expanded the ways in which it gathers evidence

The government is expanding both the ways it gathers evidence and is placing more obligations for businesses to self-regulate

HMRC has placed more obligations on businesses to self-regulate and is expanding the ways in which it can detect fraud

HMRC has expanded evidence gathering and the government is placing more obligations for businesses to self-regulate

Which of the following entities does the European Council's DAC 6 directive not target?

Businesses

Intermediaries

Government departments

Individuals

What does HMRC have the power to require from taxpayers and intermediaries?

Any and all information it requires to complete an investigation

Information reasonably required for the purposes of checking the taxpayer's tax position

Passwords to their social media accounts

Information on the taxpayer's online spending behaviour

Which special power does HMRC possess in its pursuit of tax fraudsters?

It can issue taxpayer notices extra-territorially

It has the ability to view all online spending behaviour

It has the power to demand extradition of tax evaders

It has the ability to view the content of taxpayers' bank accounts at any time

Which new power has HMRC been granted and what unusual feature does it boast?

It can now require banks, building societies and credit card issuers to hand over taxpayer data and there is no right to appeal

It can now require taxpayers to hand over all their information and they may not refuse

It can now require taxpayers to meet with HMRC in person and they cannot refuse

It can now require payment companies to flag potential tax avoiding behaviour such as transfers to known tax havens and there is no right to refuse

What ought the UK to develop if tax fraud is to be more successfully rooted out?

A whistleblowing regime that rewards successful whistleblowers with half of the tax recouped from evaders

A tool to scrape social media accounts for spending behaviour

A transparent whistleblowing regime

A name-and-shame list to encourage society to hold tax evaders to account

What makes the corporate offence of failure to prevent the facilitation of tax evasion different to other classic corporate offences?

It does not require the state to prove beyond reasonable doubt that evasion has occurred

It does not require the state to prove that (usually) the board of the company was complicit

The company may be taken over by the state if evasion has been facilitated, whereas with other corporate offences this is not the case

The sentencing guidelines for tax evasion offences are much harsher than for other corporate offences

How many prosecutions have been brought for the corporate offence under the Criminal Finances Act 2017?

14

None

14 prosecutions are underway and 14 are being reviewed

28

What is HMRC's largest fine to date?

Around GBP 24 million

GBP 23 million

Around GBP 23 million

GBP 23.8 million

Tax fraud call to arms

What is the UK's tax gap in 2019/20, and what is the equivalent in cash terms?

In what two emerging ways is tax fraud being tackled?

Which of the following entities does the European Council's DAC 6 directive not target?

What does HMRC have the power to require from taxpayers and intermediaries?

Which special power does HMRC possess in its pursuit of tax fraudsters?

Which new power has HMRC been granted and what unusual feature does it boast?

What ought the UK to develop if tax fraud is to be more successfully rooted out?

What makes the corporate offence of failure to prevent the facilitation of tax evasion different to other classic corporate offences?

How many prosecutions have been brought for the corporate offence under the Criminal Finances Act 2017?

What is HMRC's largest fine to date?

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