Financial sector targeted in HMRC's crackdown on tax evaders

Pedro Gonçalves
clock • 2 min read

Nine businesses are being probed by HMRC for potential breaches of the new corporate criminal offence of failing to prevent the facilitation of tax evasion, with 21 other potential cases under criminal review, according to tax law experts. The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development. Andrew Sackey, head of tax fraud investigations at Pinsent Masons, said: "HMRC worked hard to get these new criminal powers and is determined ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Taxation

Four steps to prepare for 'probable demise' of UK non-dom remittance basis 

Four steps to prepare for 'probable demise' of UK non-dom remittance basis 

David Lesperance
clock 07 December 2022 • 10 min read
Who wins the World Cup of tax?

Who wins the World Cup of tax?

Chris Etherington
clock 23 November 2022 • 4 min read
UAE sets deadline for first ever tax residence rules 

UAE sets deadline for first ever tax residence rules 

Mark Battersby
clock 22 November 2022 • 4 min read