View more on these topics

Danny Alexander: Govt on track to raise £4bn from tax dodgers

Chief secretary to the Treasury Danny Alexander has confirmed the Government is on track to raise £7bn a year in its crackdown on tax dodgers by the end of the Parliament.

Speaking at the Liberal Democrat conference in Brighton this week, Alexander (pictured) said the Government is set to raise £4bn this year in its fight against tax avoidance after raising £2bn last year.

Alexander said: “Fairer taxes in tough times means everyone playing by the same rulebook and everyone paying their fair share.

“We have this message to the small minority of wealthy people who do not play by the rules: we are coming to get you and you will pay your fair share.”

Jacksons Wealth Management managing director Pete Matthew says: “This is an attempt to grab headlines for something that is not particularly impressive. I would like to see the Government recoup a lot more in taxes from these people.”

Alexander said the Government will also strengthen its actions against those hiding assets offshore. It plans to double the team focused on recovering tax through the Liechtenstein agreement set up by Labour in 2009.

Alexander also pledged to stop private companies that do not pay their fair share of tax winning public sector contracts.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm