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Tackling tax evasion and avoidance

on Sunday, 05 April 2015.

HMRC have published details of how they plan to tackle tax avoidance and evasion.

HMRC have published details of how they plan to tackle tax avoidance and evasion.

Briefly the measures are:

tougher consequences for tax evaders and those helping them, including publically naming evaders and enablers of evasion asking regulatory bodies to take a greater lead and responsibility in setting and enforcing professional standards around the preventing and raising the awareness of avoidance the introduction of a new liability offence for those who have not paid the tax due on offshore income new civil penalties for enablers of tax evasion ? consultation to follow on the detail of this the creation of a new offence of corporate failure to prevent tax evasion or the facilitation of tax evasion, following consultation further strengthening of the range of penalties available to HMRC, following consultation allocating more resource on the rewards that HMRC can, and does pay, for significant information on offshore tax evasion.

Full details can be found here.