Mortgage applications reported to HMRC

A subject HMRC are reluctant to talk about is the Mortgage Verification Scheme. It is apparently receiving over 70 referrals a month from mortgage lenders where fraud is suspected and, whilst it has admitted some of the referrals have led to tax enquiries being launched, HMRChas refused to disclose how many cases are involved.

This is despite the Abbey ReSource Consultancy Team asking for the information under a Freedom of Information request and subsequently seeking a review when the original request was denied.

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