Has now 'protected £916m in tax' from the firm
HMRC will have access to 'game-changing' data
Public Accounts committee criticised HMRC's lack of strategy
A financial adviser is on trial for his part in a £262m tax fraud that enabled investors to reduce their tax bills, a court was told yesterday.
HMRC has secured an extra £2.7bn for the government's coffers by clamping down on tax avoidance and evasion in the last year, its annual accounts have shown.
Advisers could face criminal charges under new powers for HM Revenue & Customs (HMRC) following the Budget if they fail to prevent tax evasion by inherited clients, a lawyer has warned.
The Financial Conduct Authority (FCA) was "not aware" of allegations HSBC helped wealthy clients evade millions in tax until they appeared in the media, chief executive Martin Wheatley has told MPs.
HSBC faces investigations by national authorities around the world over its role in helping more than 100,000 wealthy individuals avoid paying tax.