HMRC builds war chest in battle against tax avoidance

HMRC will be given an extra £292m in funding over three years to tackle tax avoidance and evasion, the Government has announced. There will also be legislation giving the tax office powers to seize the assets of foreign firms promoting tax avoidance through UK-based entities. HMRC will be able to target the UK associates of promoters by hitting them with fines, freezing their assets and shutting down their businesses.

 

Financial Times

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