2017-granted UK HMRC powers to fine offshore tax "enablers" have not been used in the past five years.
UK tax authority HMRC has failed to fine offshore tax "enablers" in the past five years, despite being granted powers to impose large fines in 2017. The powers targeted accountants, lawyers, and bankers who facilitate offshore tax evasion, aiming to create a level playing field with potential fines of millions of pounds. However, new figures show no fines have been imposed under these powers in the last five years.
June 16, 2024
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