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Budget 2017: £300m to tighten screw on tax evasion and avoidance

Budget 2017: £300m to tighten screw on tax evasion and avoidance

By Harry Wilson

The government hopes to shore up its finances despite a significant downgrade to growth prospects with a renewed clampdown on tax evasion and avoidance.

More than 100 measures aimed at curbing the practice were outlined in an overhaul that is expected to raise an £4.8 billion over six years in a boost to the exchequer’s coffers.

Revenue & Customs will receive £300 million to hire staff and invest in technology as part of the attempt to pursue tax evasion and avoidance more aggressively.

The measures include a requirement for designers of complicated offshore tax structures to notify HMRC of their work and to provide lists of clients to make it easier to hunt down tax evaders.

https://www.thetimes.co.uk/art...

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