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ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Higher offshore tax evasion penalties explained

By Kirsten Hastings, 3 Jul 18

The UK taxman has updated its factsheet on how it calculates new penalties for offshore tax evasion involving income tax, capital gains tax and inheritance tax.

Deliberately withholding and concealing
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Deliberately withholding and concealing

And finally, below are the penalties evaders can expect to be hit with if they are found to have hidden their activity from HMRC.

Tags: HMRC | Tax Evasion

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.