Bloomberg News

U.K. Treasury to Curb Individual Tax Avoidance, the Times Says

March 24, 2012

The U.K. plans to introduce measures to stop individuals avoiding tax by channeling their income through companies, Danny Alexander, the chief secretary of the Treasury, told the Times in an interview.

The Treasury has found hundreds of examples of people being paid “off the payroll,” Alexander said, according to the Times, allowing them to pay the U.K. corporation tax rather than a higher income tax rate.

“I launched an investigation,” Alexander told the newspaper. “Everyone should pay the right amount of tax.”

The Times didn’t report what measures are under consideration or when they might be put in place.

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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