Cash retrieval: Confiscation orders under fire

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An NAO report which reported that criminals keep all but 26 pence in every £100 generated by crime, has raised questions over the effectiveness of confiscation orders. 

Enforcement agencies collected £133m of proceeds from crime in 2012-13, while the estimated loss to the economy through fraud last year was £52bn, according to the report.

The NAO said that the criminal justice system lacks a coherent strategy for dealing with the proceeds of crime through confiscation orders and that it is hampered by poor IT systems and poor communication.

Earlier this month, the Public Accounts Committee described the performance of law enforcement bodies as “rubbish”.

But according to David Winch...

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About Nick Huber

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I’m a specialist business journalist and have a particular interest in tax and technology. 


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29th Jan 2014 10:14

Simple solution

Why not just make all such criminal activity a deemed DoTAS activity?

That way, these criminals will be on an equal footing with law abiding citizens doing absolutely nothing illegal and being fully compliant and HMRC can simply issue them 90 day payment notices come July 2014 on a fully retrospective basis.




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By chatman
29th Jan 2014 11:46

I thought it was 100%

I have heard that, in most cases, they have been allowed to keep 100% of their bonuses, not just 26%.

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29th Jan 2014 11:54

They keep 99.74% of their tax efficient bonus

They pay 26p in every £100 = 0.26%.

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By chatman
29th Jan 2014 12:02

It wasn't the arithmetic that was the problem

Justin Bryant wrote:
They pay 26p in every £100 = 0.26%.

Not on their bonuses they don't (although I thank you for the advanced mathematics lesson).

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