Brits can now earn thousands of pounds for reporting friends, neighbours or anyone else they suspect of committing serious tax fraud . It comes after HMRC introduced a new reward scheme aimed at helping the Government recover large amounts of unpaid tax. The scheme was confirmed in the Autumn Budget and took effect immediately on November 26.

Ministers say it is part of a wider crackdown on tax fraud, which costs the Treasury an estimated £47billion a year. Under the new rules, people who give HMRC useful information about high-value tax evasion could receive a reward worth 15% to 30% of the tax recovered. To qualify, the information must help HMRC recover more than £1.5million, meaning rewards could run into the thousands.

ISA warning issued after Rachel Reeves announcement as

See Full Page