Accountancy firm with Wisbech branch warns new HMRC team to target tax cheats

AN ACCOUNTANCY firm with a branch in Wisbech is warning that a team of more than 2,000 inspectors will be set up to target tax cheats.

Moore Thompson chartered accountants have said that HM Revenue and Customes (HMRC) will be aiming to clamp down on those guilty of tax evasion.

Danny Alexander, Chief Secretary to the Treasury, announced the plans during his speech to the Liberal Democrats’ autumn conference.

Mark Hildred, a partner at Moore Thompson, said: “The team of 2,250, with more than 1,000 of these jobs being advertised this month, will target an estimated 350,000 UK residents whose personal wealth exceeds �2.5million”.

During his speech, Mr Alexander also pushed the Government to increase the income tax threshold from �10,000 to �12,500.

He said: “If we’re all in this together, those with the broadest shoulders must bear the greatest burden.”