Tax avoidance and evasion

Consultations on notifying HMRC of offshore structure and tackling the hidden economy

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Cherry Reynard
Published: 23 Nov 2017 Updated: 26 May 2022
Budget

The Government confirmed its commitment to tackling tax evasion and avoidance, alongside aggressive tax planning and non-compliance. Those 'seeking to evade or avoid tax using offshore structures' are of particular interest to HMRC, with a consultation announced on the requirement to notify HMRC of such structures.

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This article was previously published on www.smithandwilliamson.com prior to the launch of Evelyn Partners.