Tax
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UK to Double Tax Evasion Penalty
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The maximum penalty for offshore tax dodging will double to 200% of the unpaid tax, the government has announced in its pre-Budget report.
The plan is one of 14 separate new measures announced aimed at saving as much as £5bn in lost tax every year.
At the moment the maximum fine that can [...]
British Revenuers Take to Social Media
This week, Dave Hartnett, HM Revenue & Customs’ Permanent Secretary for Tax, appeared in a pointed two-minute video warning that people “fiddling” their taxes could face jail.
While we will refrain from comment of a political nature, it is interesting to see that tax collectors around the world are now leveraging the power of social media [...]