20/07/2026
This week at Four Fifty đź’ˇ
HMRC has proposed a new criminal offence for making reckless untrue statements about direct taxes, such as Income Tax and National Insurance. Unlike indirect taxes, which already permit prosecution for similar actions, direct tax currently lacks this provision. Proposed penalties include custodial sentences and fines, paralleling customs rules. Carelessness isn't included, and HMRC seeks public feedback on examples of reckless errors. What are your thoughts on these proposals? Leave a comment below! đź’¬
Read the full article here: https://www.fourfifty.co.uk/news/proposed-offence-for-reckless-untrue-tax-statements