Last month, the UK’s tax and customs authority launched a strengthened whistleblower rewards program designed for individuals to report serious tax avoidance or evasion.
Under the program launched by His Majesty’s Revenue and Customs (HMRC), if you give information to HMRC that helps it collect a large amount of unpaid tax, you could get a cut of the recovery.
HMRC said that significant tax avoidance or evasion normally involves large companies, wealthy individuals, and offshore or avoidance schemes.
“You could get a reward if the information you provide to HMRC leads to the collection of at least 1.5 million ($2 million) in tax,” HMRC said in a statement announcing the program. “You could get between 15% and 30% of the tax collected (excluding penalties and interest).”
Under the HMRC program, you cannot get an award if you are or were a civil servant (or contracted to work in the government) and got the information while you were employed, you are the taxpayer involved in the tax evasion or avoidance, or you planned and started the actions that led to the tax evasion or avoidance, the information you provide may already be known to HMRC or could have been identified through routine processes, the reward might directly or indirectly lead to funding illegal activity, or you are required by law to disclose, or not disclose, the information.
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