Surviving the HMRC clampdown

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Fiona Fernie takes a look at HMRC’s plans to target tax evaders and how to cope if you or your clients are found in the firing line.

There is no doubt that the recession and financial crisis suffered by a large proportion of the “first world” was the catalyst for targeting tax fraud in the UK. The deficit in the government’s finances made it essential to collect more tax, but increasing the level of tax paid by the honest taxpayer has never been popular politically. This, combined with the global pressure on countries to implement Article 26 of the OECD Model Treaty regarding information exchange, and the international focus on tax havens (as demonstrated by its profile at the G20 talks in April 2009), has led to HMRC launching a number of initiatives to cla...

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