London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

HMRC Consultation: Tackling offshore tax evasion

HMRC has recently published a consultation looking at extending the scope of penalties for offshore non-compliance.  Some of the questions raised include extending the scope of the offshore penalty regime to cover inheritance tax, introducing additional surcharges to apply where offshore assets have been deliberately moved to continue evading tax, extending the 20 year time limit for assessment, and increasing penalties for the number of times assets have been moved.  

For further information please see the full consultation.

 

 

Date: 28th August, 2014
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

#Farming trading as a #partnership potential #tax pitfalls and tips @mercerhole Phil Fenn insight shar.es/1SHZhc @accountancylive

The Repeal Bill—how great is it for R&I professionals? Thoughts from @ChrisLaughton01 @mercerhole: go.shr.lc/2vVF8lf

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn