HMRC’s chief executive, Lin Homer – who announced on Monday that she would be standing down in April after being made a dame in the new year’s honours list – said they did not believe there was the basis for criminal action.

After receiving the data in 2010, a team of more than 300 tax officials had trawled through the evidence, HMRC said.

About two-thirds of the those identified in the database were found to have already paid the right amount of tax, in part because they had non-domiciled tax status.

Of the remainder, 150 were considered as serious candidates for prosecution, but only one was prosecuted.

HMRC admits to winding up inquiry into HSBC tax evasion claims | Business | The Guardian
http://www.theguardian.com/business/201 ... ion-claims



Smell that corruption