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Prosecutions for tax evasion rise by over 50%
by Paul Malin - on 22 May 2013
HM Revenue & Customs (HMRC) stated strategy of making various Disclosure Facilities available to any taxpayer who has not declared all their income is now being followed up by arrests and prosecutions for tax evasion. Cases are coming to light where…
Read More....HMRC has already received “substantial data” from Singapore, the British Virgin Islands, Cayman Islands and Cook Islands
by Paul Malin - on 14 May 2013
Yet more information is getting in the hands of HM Revenue & Customs (HMRC) from far away countries in an effort to combat suspected tax evasion. Over 1,000 names have been handed to HMRC since 2009 by just one whistleblower. The tax jurisdictions of…
Read More....EU Member States to tackle the mismatches that tax evaders exploit and clamp down on tax havens
by Paul Malin - on 9 May 2013
Algirdas Šemeta, the EU Commissioner for Taxation and Customs Union, has said that the European Commission would present a reform package to tackle tax avoidance and evasion – “within months”. Under the new rules, all 27 existing Member States will be…
Read More....Nowhere to hide information from HMRC
by Paul Malin - on 2 May 2013
Now it seems that HM Revenue & Customs (HMRC) has agreed to “share information” with Anguilla, Bermuda, British Virgin Islands, Cayman Islands and the Turks and Caicos Islands. So what is meant by “sharing information”? Put simply, it means that…
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