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Monday 21 June 2010

Dains are warning Individuals who do not pay their taxes they face being ‘named and shamed’ by HM Revenue and Customs (HMRC) if they have avoided paying more than £25,000 of tax.

The new policy was announced in last year’s budget and will apply to tax dodging committed on or after 1 April 2010 – meaning the first names and addresses are unlikely to be posted on HMRC’s website until 2011.

Andy McQuillan, Tax Partner at Dains said: “People who are investigated and found to have deliberately avoided tax can expect to be identified, although they will be given the opportunity to plead any mitigating circumstances before their identities are revealed.”

For more information or advice please contact Andy McQuillan on tel: 0845 555 8844 or email tax@dains.com

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