Bloomberg News

U.K. May Get $90 Million in Clamp Down on Nanny Taxes, FT Says

March 24, 2012

The U.K. may claim an additional 57 million pounds ($90 million) in tax revenue by finding families who avoid tax by paying their nannies in cash, the Financial Times reported, citing Her Majesty’s Revenue and Customs.

About 6,000 nannies surveyed in a 2009 report said they worked without tax or national insurance payments on their average salaries of 27,000 pounds, the newspaper said, implying a tax evasion of 57 million pounds. Parents who aren’t paying the tax may face fines of as much as 46,000 pounds, the newspaper said.

“It’s not particularly hard to find them,” the HMRC said, according to the Financial Times.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net.

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net.


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