Cunninghams Solicitors

Tax fraud jail sentencing rules doubled

The government has announced new rules on tax fraud that could see offenders facing up to 14 years in prison for the most severe cases. The announcement was made in the latest Budget statement, where Chancellor Jeremy Hunt revealed that the maximum sentence for the “most egregious” forms of tax fraud has been doubled from seven to 14 years. The recent announcement by the government about the doubling of the maximum sentence for serious tax fraud highlights the seriousness of this crime. As such, it is crucial for individuals and businesses accused of tax fraud to seek the expertise of a tax fraud solicitor for their defence.

Tax fraud can come in many forms, including failing to declare income or assets, making false claims for benefits, hiding money or assets in offshore accounts, not being registered for VAT or not charging or paying for VAT or taxes on goods or services they sell. The potential consequences of being found guilty of tax fraud can be severe, including hefty fines, the seizure of assets, and even imprisonment.

A fraud solicitor can help individuals and businesses navigate the complexities of the legal system and mount a robust defence against accusations of tax fraud. They can provide expert advice and guidance throughout the legal process, from the initial investigation to the trial and beyond.

In light of the government’s increased efforts to combat tax fraud, it is more important than ever to have an experienced and knowledgeable solicitor on your side. They can help to ensure that your rights are protected and that you receive a fair trial.

The creation of the new counter-fraud authority, which has been invested in by the government with £48.8mn, is another indication of the importance that is being placed on tackling tax fraud. This authority will work alongside existing counter-fraud measures to strengthen the government’s ability to combat tax fraud. Former Chancellor Rishi Sunak stated in his Spring Statement that the new counter-fraud authority would collaborate with the ongoing counter-fraud initiatives at the British Business Bank and the National Intelligence Service.

What should you do if you are accused of tax fraud?

These measures underscore the government’s commitment to tackling tax fraud, and those accused of such offences must seek legal representation from a fraud solicitor for their tax fraud defence. A solicitor specialising in tax fraud can provide invaluable assistance and expert guidance throughout the legal process, and can work with you to build a strong defence based on the facts of the case and challenge any evidence presented by the prosecution. With severe penalties at stake, including imprisonment, hefty fines, and asset seizures, a solicitor can help ensure that the accused receive a fair trial and that their rights are protected.

Cunninghams are Fraud Defence Solicitors based in Manchester and London, with over 20 years experience in defending clients facing charges of serious tax fraud. Our team of experienced solicitors have the expertise to help you build a strong case, and are here to support you at every stage.

It is never too early to seek expert legal advice if you are suspected of any type of fraud. Cunninghams initial advice is always free of charge. Contact us on 0800 051 2542 or enquire online.