First list of tax dodgers published by HMRC

The HM Revenue and Customs (HMRC) has published a list of 'deliberate tax defaulters' for the first time, in a week when there has been talk of adopting a name and shame approach to dealing with tax avoidance.

The individuals and companies who appear on the list are said to have avoided paying more than £25,000 in tax, and they were fined up to as much as £291,830 - wine retailer The Trade Beverage Company Ltd of Cheshire being the recipient of the largest fine. Nine names of individuals and companies appear on the list, and include a hairdresser, grocer, and knitwear manufacturer among others.

Treasury Minister David Gauke says the move to publish this first list will send "a clear signal that cheating on tax is wrong" and will encourage "defaulters to make a full and prompt disclosure and cooperate with HMRC to avoid being named."

As well as the shame involved in being outed publicly as a tax defaulter, a new scheme means deliberate defaulters will have have their financial affairs scrutinised for five years to make sure they make the appropriate changes to their tax paying.

If you live in Northern Ireland and require legal advice in respect of income tax, corporation tax, inheritance tax, capital gains tax, or general tax planning, contact Wilson Nesbitt in Belfast or Bangor by calling 0800 840 9288.