Offshore tax evasion: HMRC consults on new criminal and stronger civil sanctions | Practical Law

Offshore tax evasion: HMRC consults on new criminal and stronger civil sanctions | Practical Law

On 19 August 2014, HMRC launched consultations on a new, strict liability criminal offence of failing to declare taxable offshore income and gains, and on strengthening civil sanctions for tax evasion involving hiding taxable income, gains and assets offshore. Comments are invited by 31 October 2014.

Offshore tax evasion: HMRC consults on new criminal and stronger civil sanctions

Practical Law UK Legal Update 6-578-5907 (Approx. 3 pages)

Offshore tax evasion: HMRC consults on new criminal and stronger civil sanctions

by Practical Law Tax
Published on 20 Aug 2014 • United Kingdom
On 19 August 2014, HMRC launched consultations on a new, strict liability criminal offence of failing to declare taxable offshore income and gains, and on strengthening civil sanctions for tax evasion involving hiding taxable income, gains and assets offshore. Comments are invited by 31 October 2014.