Categorized | news

If you can’t do the time, don’t do the crime

While we wait to see the outcome of last week’s reported Xavi Alonso case, we find ourselves gazing out of the window here are CA Towers, daydreaming about what life in prison is really like. Not that we hope to find out any time soon, but we’ve all seen Banged Up Abroad and old episodes of Prisoner Cell Block H, and we can’t say it’s a prospect that we relish.

But this week, it’s been reported by law firm Pinsent Masons that prison terms for tax evasion have increased by 10%, and now average two years and seven months in the clink. That’s almost 1000 days locked up in a cell, eating prison food, smoking spice and avoiding Dave ‘Knuckles’ Smith down the corridor. After all, there’s no guarantee you’re going to end up in a cushy category C prison, given current overcrowding issues, even if you are a first-time offender. 

HMRC Aren’t Far Behind you

Just like ‘Knuckles’ Smith, HMRC is continuing to ‘crack down’ on tax evasion and is pushing for longer sentences and more people to be charged with offences related to non-payment of taxes. Over the year 2017-18, 1,010 individuals were charged with tax evasion and that number is set to grow as initiatives such as Making Tax Digital mean that those who may have slipped through the net before, have fewer places to run and hide.

Thankfully, you needn’t wake up in a cold sweat, waiting for a knock on the door from the Old Bill. Here at Contractor Accountants dot com, we have you covered. Whether you’re a traditional freelancer, agency contractor, or even a bit of both, all it takes is filling out our quick form for a callback or a free quote on accountancy services for contractors. That ensures that you can sleep soundly at night, happy in the knowledge that your accountancy needs are being taken care of by one of our recommended specialist expert accountants. 

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