The Continued Pursuit of the Offshore Golden Goose

The Government remains convinced that there are pots of evaded tax still sitting outside the UK and – despite diminishing returns from its ‘disclosure facilities’- is determined to penalise those involved with yet higher civil penalties and even some strict...

51 Signatures, 1 Agreement

Today, the Finance Ministers from 51 countries and jurisdictions have signed a Multilateral Competent Authority Agreement on the implementation of the Global Standard for the automatic exchange of financial account information. The signature of the Multilateral Convention on Mutual Administrative...

No safe havens for evading tax: new criminal offence to be introduced

On 11 April 2014, George Osborne announced that the Government is stepping up its efforts on tackling offshore tax evasion, and this was widely reported in the press.  This was followed by an announcement by HM Treasury and HMRC on...