HMRC names and shames mini businesses dodging tax

As multinationals are criticised for paying little or no corporation tax, HMRC turns its guns on the UK's tiniest companies.

by Elizabeth Anderson
Last Updated: 14 Mar 2013
A hairdresser and a coach operator are two of the business owners ousted by HM Revenue and Customs as part of a scheme to highlight deliberate tax avoiders.

For the first time, HMRC has published the names of nine individuals and businesses which each owe more than £25,000 in tax. HMRC hopes that by naming and shaming tax dodging small firms on a list to be updated every three months, it will persuade those thinking of avoiding tax to pay up.

Yet the idea has backfired, with many saying HMRC is picking on easy targets. MPs and tax experts last night criticised the plan for targeting the owners of small businesses while doing nothing to uncover billions of pounds worth of tax avoidance from big corporations such as the likes of Starbucks, Amazon and Google.

Margaret Hodge, chairman of the Commons public accounts committee, said that while everyone ‘should pay their tax, I hope that they are not letting bigger fish off of the hook.’

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Upcoming Events

Latest on MT

Should CEOs resign after a personal scandal?

Should CEOs resign after a personal scandal?

Antonio Horta-Osorio says he won't quit Lloyds after The Sun labels him a 'love rat'.

Was Virgin Trains right to call out Jeremy Corbyn?

Was Virgin Trains right to call out Jeremy Corbyn?

Attacking politicians is seldom a good idea, no matter how far from power they seem.

Why working mothers are screwed

Why working mothers are screwed

Working mums are paying a 'motherhood penalty', missing out on pay rises and promotions.

How to stop your business getting too big for you

How to stop your business getting too big for you

Doubling your team overnight might sound like a start-up's dream, but it can very quickly turn into a nightmare if you're not careful, says digital marketing entrepreneur Guy Levine.

Aldi and Lidl's growth story is far from over

Aldi and Lidl's growth story is far from over

UPDATE: The discounters continue to expand market share, but there's a glimmer of hope for Tesco. Asda not so much.

Why your business should consider ditching bonuses

Why your business should consider ditching bonuses

Star fund manager Neil Woodford is getting rid of bonuses, claiming they can cause the wrong kind of behaviour.