Prosecutions top 1,000 as HMRC focuses on tax evasion by individuals

The 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.