Consultation document on tackling offshore tax evasion

The Government has issued this consolation document in order to try and limit offshore tax evasion. Essentially the legislation will demand that all intermediaries that are creating and promoting complex offshore financial arrangements may in the future be required to let HMRC know. They will also be compelled to advise HMRC of the clients that they have using the schemes.

​www.gov.uk/government/consultations/tackling-offshore-tax-evasion-a-requirement-to-notify-hmrc-of-offshore-structures