Who's next on HMRC's hit list?

clock •

Brian Murphy, financial planning manager at AXA Wealth, reveals the action the tax authority is taking to combat evasion and bridge the tax gap.

The media recently seems to have been full of stories about tax avoidance – but do they really mean avoidance or do they mean evasion? It seems to me that the line is getting increasingly blurred. Dennis Healey, former chancellor of the exchequer, once famously said: “The difference between tax evasion and tax avoidance is the thickness of a prison wall.” In other words, tax evasion is illegal whereas tax avoidance is perfectly acceptable – a view given judicial credibility in the House of Lords case of IRC v Duke of Westminster (1936) in which Lord Tomlin stated: “Every man is entitl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Burnham to propose social care plans at general election

Burnham to propose social care plans at general election

Aims to be preventative

Jaskeet Briah
clock 28 September 2026 • 2 min read
'We persevere': Catalyst Partners on unwavering client commitment

'We persevere': Catalyst Partners on unwavering client commitment

‘When the pressure mounts up during a deal, it can get quite emotional’

Jenna Brown
clock 28 September 2026 • 10 min read
Deputy editor's view: Rocking out at the UK Platform Awards

Deputy editor's view: Rocking out at the UK Platform Awards

The deputy editor's Friday Night Takeaway from 24 September

Jenna Brown
clock 28 September 2026 • 2 min read