Blowing the whistle

For any individual, the idea of a tax investigation can be a real cause for concern but with the UK Government's increasing focus on tax evasion and its stated intention to recoup several billion pounds over the next few years, the chances of becoming involved in an investigation are increasing for both UK citizens and their advisers. Publicity over the past few months has highlighted that HM Revenue & Customs (HMRC) is in the process off upping its game. This means leveraging on the requirements for financial institutions and advisers to report on clients' affairs if they have reasonable...