Is the taxman coming for your clients?

The press has been full of tax stories of late, from investigations into offshore tax havens to the National Audit Office berating HM Revenue & Customs (HMRC) for failing to halt the widespread use of “highly contrived” tax avoidance schemes. In response the revenue service has come out fighting, saying it is stepping up its investigations into taxes potentially underpaid by the directors and senior executives of the UK’s largest companies, with everyone else sure to follow. Clients should be protected as long as they stay within the letter of the law – though James Brooke, financial ...