Time for a general tax amnesty? Sure: with all interest and fair penalties being paid, I’m all for it

Posted on November 16 2012

I note that something called International Adviser reports this morning that:

It is time HM Revenue & Customs accept that a general amnesty for tax evaders should be put in place, according to Gary Heynes, private client group partner at chartered accountants, Baker Tilly.

I have no problem with that: of course we should encourage people to come forward and pay their tax.

But there has also to be justice. So interest has to be paid. And penalties have to be settled. If not, we undermine the willingness of all honest taxpayers to make proper settlement in the future.

Let's get real. Tackling tax evasion is vital. But not if it undermines revenue in the future.

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