Advisers to face penalties for enabling tax evasion
Fines up to 100% of tax evaded
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,...
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