HMRC keeps up data demands on clients suspected of tax evasion

1,414 in 2017/18

Julian Marr
clock • 2 min read

The 12 months to 31 March 2018 saw HM Revenue & Customs (HMRC) issue 1,414 requests to professional services firms demanding confidential information on clients suspected of tax evasion, according to law firm RPC.

So-called ‘production orders' are issued by HMRC's Criminal Investigation Directorate to force third parties, such as accountants, lawyers and other professional services firms, to provide it with potentially incriminating information about their clients' affairs. According to RPC, the taxman is increasingly beginning criminal investigations against taxpayers who have participated in tax-planning arrangements designed to reduce their tax liability. These arrangements can include employee benefit trusts and film finance investments, the firm said, and issuing a production order is one way...

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

PA360: AIM investments should be 'more than an IHT planning option'

PA360: AIM investments should be 'more than an IHT planning option'

How AIM is becoming more mainstream in financial planning

Jenna Brown
clock 26 April 2024 • 2 min read
Inheritance tax receipts hit a record of £7.5bn as 2023/24 year ends

Inheritance tax receipts hit a record of £7.5bn as 2023/24 year ends

‘IHT is the tax gift that keeps on giving as record receipts have been banked’

Hope Coumbe
clock 23 April 2024 • 2 min read
Don't let these five tax changes slip through the advice net

Don't let these five tax changes slip through the advice net

Changes to tax policy advisers need to be aware of

David Downie
clock 18 April 2024 • 3 min read