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HMRC pays out nearly £1m in tax fraud tip-offs

Summary by City AM
The tax agency HMRC has nearly doubled the amount paid out to those making tip-offs, the highest figure of at least the past seven years. According to Freedom of Information data obtained by accountancy firm Price Bailey, HMRC has paid out nearly £1m for tip-offs over 2023/24, 92 per cent higher than the £508,500 paid over 2022/23. HMRC has been actively trying to reduce its £39.8bn tax gap. The tax agency received 151,763 anonymous tip-offs via…
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