Tax advisers in the frame as HMRC hunt identifies avoiders

clock

A joint investigation by the UK, the US and Australia to identify those using offshore tax havens to hide wealth has uncovered more than 100 people.

Her Majesty's Revenue and Customs (HMRC) said some of these were already under investigation for tax evasion, the BBC reports. It said it has obtained large quantities of documents which reveal those, along with professional advisers, who may be involved. Evasion is illegal, tax avoidance is not. The hunt was sparked by a joint investigation by the BBC's Panorama programme, the Guardian newspaper and the Washington-based International Consortium of Investigative Journalists. HMRC is working on the material, which it describes as 400 gigabytes of data, with the tax authorities in...

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 Tax Planning

Probate cases taking nearly two years rise by 131%

Probate cases taking nearly two years rise by 131%

Increased risk of interest accruing on IHT

Jaskeet Briah
clock 07 April 2026 • 2 min read
Government confirms standalone death-in-service benefits exempt from IHT changes

Government confirms standalone death-in-service benefits exempt from IHT changes

'The draft clause was nonsensical'

Jaskeet Briah
clock 17 March 2026 • 3 min read
Tax changes cause increase in client worry

Tax changes cause increase in client worry

More than half now more worried about tax now than a year ago

Isabel Baxter
clock 10 March 2026 • 2 min read