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HMRC crackdown targets tax avoidance

15-11-2020

Tax-related investigations and arrests have risen 40% on the back of a crackdown on offshore avoidance schemes. Figures show that HMRC's Offshore Corporate and Wealthy unit carried out 70 arrests, dawn raids or interviews in the 12 months to the end of March, up from 50 in the previous year. Analysis by law firm Pinsent Masons shows these probes yielded £414m for the Treasury. Meanwhile, data show that whistleblowers who reported tax evasion were paid £473,000 in 2019/20 - a rise of 63% from a year before.

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