HMRC published an update to its offshore evasion strategy on 14 April 2014. This consultation is intended to explore the design of tailored sanctions to more effectively deter tax non-compliance linked to income and gains arising and assets held offshore.
HMRC welcome views on the design of the proposed options. This supports and builds on the regime for increased penalties for non-compliance involving offshore matters.
This consultation takes forward HMRC’s strategy for tackling offshore evasion, No Safe Havens. An update on this strategy was published in April 2014.
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