HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREThe government launched 1,007 prosecutions against individuals for tax evasion offences last year, as the HMRC clampdown on tax evaders intensified.
HMRC’s ability to investigate and prosecute taxpayers has been strengthened as the volume of data it receives on individuals’ offshore bank accounts from jurisdictions such as Bermuda and the Cayman Islands has increased, providing insight into the movement of cash and assets offshore.
Read more at the Accountants Daily.