Beneficial Ownership of Companies – G20 High Level Principles – A Paper Tiger?
Tax Evasion and Avoidance: Tax Evasion and Avoidance
Ten ways HMRC can tell if you’re a tax cheat
When a gang of tax fraudsters was ordered to pay back more than £2m last week, HM Revenue & Customs was cock-a-hoop. After a five-year investigation, it had cracked a scam which used fake invoices to claim tax rebates for film projects. The authority boasted that however far criminals went to hide their ill-gotten gains, it would “pursue every penny to ensure that tax crime never pays”.
The resulting crackdown has raised the stakes, says Dawn Register, partner of the BDO accountancy firm. “It is fair to say the risk of being found out has never been higher.”