How volatile divorces are helping the tax man

It seems that the old adage that 'no-one wins in a divorce' may have to be amended, as the HM Revenue & Customs (HMRC) is regularly benefiting from bitter separations, according to new figures.

The HMRC has seen an increase in the rewards it is paying out to tax evasion informants, and it would seem that the majority of callers with tip-offs are disgruntled ex-wives who feel they were badly treated in their divorce settlement. Nearly £375,000 was paid out to informants who supplied details of hidden offshore bank accounts and undeclared incomes last year.

The news will provide yet another reason for separating couples to choose the collaborative law approach to separation, often referred to as the 'friendly divorce'. Couples who use this method agree not to go to court to reach a divorce settlement, and instead try to reach an agreement on all aspects of their divorce - from the settlement to child custody and maintenance. The result is often a more healthy relationship after the divorce, allowing couples to maintain the level of contact necessary, especially when there are children involved.

If you would like to speak to a divorce solicitor in Northern Ireland, contact Wilson Nesbitt in Belfast or Bangor by calling 0800 840 1363.