Arrests over suspected £15m tax fraud
Six people have been arrested in connection with a suspected £15 million tax fraud involving restaurants and wholesalers believed to be laundering money using offshore accounts and companies.
Last chance for offshore tax evaders to declare all
A new online disclosure facility has launched today giving offshore evaders a last chance to come forward and settle tax on their wealth hidden offshore ahead of new data sharing arrangements and tougher penalties being introduced.
Tough new sanctions for offshore tax evaders
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs (HMRC) today.
Tax advisers arrested in suspected £132m tax fraud investigation
Three tax advisers have been arrested as part of a HM Revenue and Customs (HMRC) investigation into a suspected £132 million tax fraud.
Offshore win nets £365 million in billion pound week for HMRC
HMRC has protected £365 million in tax after defeating a tax avoidance scheme that involved dividends paid on shares to a company based in the Cayman Islands.
The First-tier Tribunal ruled that the Clavis Liberty Fund 1 LP scheme, created an artificial tax loss - in a judgment covering 99 partners and protecting tax at stake in other cases.
The judgment is significant for HMRC as it is the f
Offshore tax evaders to face tough new criminal sanctions
Offshore tax evaders and the professionals who enable tax evasion will face even tougher sanctions under a new regime to crack down on offshore evaders, Financial Secretary to the Treasury, David Gauke, announced today.
Tax crackdown on hidden wealth in South East and South
Tax cheats in the South East and South who hide their wealth are being targeted as part of an HM Revenue and Customs (HMRC) taskforce.
No safe havens for offshore tax cheats
HM Revenue and Customs (HMRC) confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
Island tax evaders told to come clean
Tax cheats who have been hiding investments and assets in the Isle of Man, Guernsey or Jersey to evade tax are being asked to pay the tax they owe before HM Revenue and Customs (HMRC) clamps down on them.