David Heaton Partner in Baker Tilly's Leeds office and head of the firms' Employer Consulting Group thinks NIC fraud is badly neglected by the Inland Revenue
We don't know how much goes on and it doesn't seem to matter very much. NICs are a poor relation in the fraud family. Years ago when the Contributions Agency was still in its infancy Ann Chant took questions at one of its first national conferences for outsiders. Speakers had outlined the problems the Agency had with the 'shadow' economy and Ms Chant was asked for the Agency's estimate of how much was lost in underpaid NIC as a result. She frankly admitted that the Agency had no idea how big the problem was but it knew there was a problem which it...
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David Heaton Partner in Baker Tilly's Leeds office and head of the firms' Employer Consulting Group thinks NIC fraud is badly neglected by the Inland Revenue
We don't know how much goes on and it doesn't seem to matter very much. NICs are a poor relation in the fraud family. Years ago when the Contributions Agency was still in its infancy Ann Chant took questions at one of its first national conferences for outsiders. Speakers had outlined the problems the Agency had with the 'shadow' economy and Ms Chant was asked for the Agency's estimate of how much was lost in underpaid NIC as a result. She frankly admitted that the Agency had no idea how big the problem was but it knew there was a problem which it...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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