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Investing in HMRC to clamp down on tax avoidance and evasion

The Government has announced details of a new investment package for HMRC and a series of actions aimed at clamping down on tax avoidance and evasion.

£77m is being given to HMRC to expand its anti-avoidance and evasion activity, specifically focusing on offshore evasion and avoidance by wealthy individuals and multinationals.  The funds will pay for more people and more legal support to speed up HMRC’s work in identifying and challenging multinationals’ transfer pricing arrangements; expanding HMRC’s affluent unit and funding additional staff to target on and offshore avoidance and evasion.

Full details are available on HM Treasury’s website.

 

 

Date: 2nd January, 2013
Author: Cathy Corns

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