Under new rules taking effect in January, HM Revenue & Customs (HMRC) can charge advisers or their firms civil penalties if they are deemed to have enabled offshore tax evasion.
Advisers will now face fines of up to 100% of the amount evaded or £3000, depending which is highest, as well as being publicly named by the taxman. The new sanctions, effective as of 1 January 2017,...
‘Promising lead’ or ‘Back to the lab’?
Up 13.1% from 2015
'Something needs to change'
Regulator flags due diligence failings
£169.5m raised by 31 December