Tax Evasion
Best Practice | 22 Nov 17
Budget: HMRC handed more powers to assess offshore tax
HM Revenue & Customs will be able to assess offshore tax non-compliance dating back at least 12 years, triple the current system, under plans announced by chancellor Philip Hammond in the Autumn Budget on Wednesday.
Russian billionaire arrested in France for tax evasion
Despite holding a diplomatic passport, French police arrested one of Russia’s richest men in Nice on Monday in connection with a tax evasion case, the country’s prosecutors have confirmed.
What is the problem with offshore investments?
Another day, another major leak of sensitive data that reveals even the British Queen has her fingers in some offshore-pies. But with everything legal and above board, are we at risk of sensationalising something that is pretty average?
Best Practice | 26 Oct 17
Tax evasion/avoidance make up a fifth of the £34bn UK tax gap
The UK lost out on a fifth of the tax revenue it expected to raise in 2015/16 because of evasion and avoidance, figures released on Thursday by HM Revenue & Customs show.
Tax & Regulation | 29 Sep 17
Firms in the firing line in tax evasion clampdown
UK companies that fail to stop employees and agents from facilitating tax evasion, both at home and overseas, will become criminally liable from Saturday.