UK CLAMPDOWN ON THOSE THAT HELP TAX CHEATERS KICKS OFF
January 1st, 2017
New rules aimed at cracking down on accountants, lawyers or bankers that help firms or individuals with tax evasion took effect in the UK on January 1. Those found guilty of aiding and abetting tax evasion face fines of as much as 100% of the amount they helped their clients evade or GBP3,000 - whichever is highest. The new law, which then UK Chancellor (finance minister) George Osborne first floated in 2015 as part of a ‘No safe havens’ strategy against offshore tax evasion, also allows the UK Treasury to name and shame enablers. Commenting, Jane Ellison, ...
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