Financial sector targeted in HMRC's crackdown on tax evaders

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 ...