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 on a criminal offence for tax evasion

HMRC has issued a second consultation document on offshore tax evasion with the possibility of turning non compliance into a criminal offence.

The consultation raises questions as to which taxes should be covered; just income and capital gains tax, or other taxes as well?  Should there be a de minimis threshold?  Should there be an unlimited financial penalty through the courts?  Do you agree that failure to declare offshore income and gain is sufficiently serious that a custodial sentence could be justified?  If so, should this be capped at six months?   There are also questions on defences and impacts. 

For full details please see the full document.



Date: 29th August, 2014
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

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


#Tax traps to watch when selling your main home - main residence relief and CGT risks…

Mercer & Hole partner, Andy Turner gives his views on ‘Audit of the future’…



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

Click here to follow us on LinkedIn