HMRC cracks down on tax evasion

Pedro Gonçalves
clock • 2 min read

HM Revenue & Customs has issued a warning to organisations based or with links to the UK to assess their prevention procedures to make sure that there are no loopholes that will allow tax evasion. The timely reminder comes as HMRC is increasing its focus on tax evasion and "unacceptable" tax avoidance. On March 13, HMRC released two papers, No Safe Havens 2019 and Tackling tax avoidance, evasion, and other forms of non-compliance, outlining how HMRC intends to meet its goals of maximising revenues, preventing tax avoidance and tax evasion, and addressing offshore tax noncompliance. HMRC ...

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