Sam Part says:
May 13 2021 at 8:54 am
“We can’t also know which of these companies will ever declare any of the liabilities that they really owe. Nor will HM Revenue & Customs. They have literally no way of knowing for sure which companies operate false PAYE schemes in the UK”
HMRC have been aware of so-called Mini Umbrella Company fraud for quite a while now and have published warnings and given updates. For example, in an update published by HMRC last December (Employer Bulletin issue 87) , they said they had closed down many thousands of such attempted PAYE frauds and that a number of arrests had been made in November – presumably after many months of investigations. There have been other well publicised arrests over alleged ‘furlough fraud’.
How could HMRC be doing this if they have “literally no way of knowing” what’s going on?
“none of it ill be investigated, let alone prosecuted”
Quite clearly you are wrong in claiming that. If you are going to comment on these things, you should try and stay aware of developments. There’s plenty of information on MCU and other attempted fraud and HMRC’s work to combat it available on the HMRC website.
Richard Murphy says:
May 13 2021 at 9:32 am
They know it is happening
They do not know who is doing it
If they did it would not be happening
You are very clearly wrong here and I am right
A memo does not stop abuse
Prosecutions by HMRC would seem to indicate that HMRC know who is doing it – or at least suspect – and prosecutions have been known to deter crime.