The UK’s tax authority, HMRC, has come under scrutiny for its failure to fine any enablers of offshore tax evasion despite having new powers since 2017. This revelation comes amid a broader tax crackdown where HMRC has vowed to leave 'no stone unturned'. However, despite the introduction of stricter rules, not a single fine has been issued in the past five years. An unknown amount of money is being lost annually to offshore tax schemes, highlighting the inefficacy of the current measures.
HMRC has failed to fine a single ‘enabler’ of offshore tax fraud in five years https://t.co/xk6CwQEh8W
"HMRC (the UK's tax authority) has not fined a single “enabler” of offshore tax evasion despite new powers introduced in 2017" (TBIJ) https://t.co/en0CxedT4T
An unknown amount of money is being lost to offshore tax schemes every year – and HMRC is failing to use tools created to punish wrongdoers Case in point? HMRC has not fined a single “enabler” of offshore tax evasion despite new powers introduced in 2017 https://t.co/U6SbutBcCE
New HMRC rules and strict tax crackdown results in 'not a single fine' https://t.co/yIXfHrqXPF
HMRC has failed to fine a single ‘enabler’ of offshore tax fraud in five years https://t.co/iMz7ooAc1v
HMRC to leave 'no stone unturned' in tax crackdown but people can 'escape bill' https://t.co/gqfIGUGwMV