Storm over tax 'amnesty' security checks
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Measures to get Britons to own up to unpaid tax held in offshore bank accounts have come under criticism for poor security. Commercial law firm McGrigors warns that the new tax amnesty registration system is open to abuse.
In this year's Budget, a new disclosure opportunity (NDO) was announced giving UK residents with tax liabilities connected to an offshore account a final chance to declare and settle the sums owed, with the incentive of a reduced penalty rate. But, according to McGrigors, the email notification system behind it fails to put in place checks needed to stop individuals impersonating another taxpayer.
As things stand, postal notifications require a name, address, National Insurance number and date of birth, while the email registration system only asks for a name and address. McGrigors warns that this prevents HM Revenue and Customs (HMRC) from being able to check whether the applicant is genuine.
"Anyone with a grudge can now submit another individual's name and address via the email registration process, flagging them up to HMRC as someone who has unpaid taxes," says Phil Berwick, director of tax investigations at McGrigors.
There are already phone hotlines allowing people to tip off HMRC which Mr Berwick says are misused by those making false reports.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments