Peters & Peters

Naming and shaming: regulatory consequences of HMRC’s naughty list

In the summer, a UK politician became one of the latest public figures to face questions about their tax affairs, joining the ranks of numerous personalities, including actors, politicians, singers and comedians, who over the years have faced similar scrutiny.

In this article for Tax Notes, Rachel Cook and James Tyler explain how a taxpayer could end up on HM Revenue & Customs’ public list of deliberate tax defaulters.

The article discusses the circumstances in which a person is put on this ‘naughty list’ of deliberate tax defaulters, why being publicly outed can have far-reaching consequences for average taxpayers who would otherwise have remained under the radar, why the damage might be particularly severe if they are regulated, and what the fallout might look like.