HMRC has failed to fine a single ‘enabler’ of offshore tax fraud in five years

4 weeks ago 19

Landmark powers to impose huge fines to tackle tax evasion and avoidance are ‘pointless’, figures show

The UK’s tax authority has not fined a single “enabler” of offshore tax evasion or noncompliance in five years, despite landmark powers to impose huge fines.

Tory ministers claimed new laws introduced in 2017 allowed HM Revenue and Customs (HMRC) to pursue accountants, lawyers and bankers who facilitate offshore tax evasion would “create a level playing field”, with potential fines of several millions of pounds.

Continue reading...
Read Entire Article