HMRC took over £500 million from British taxpayers with offshore interests

HMRC took over 500 million from British taxpayers with offshore interests

HMRC netted £560m from investigations into British taxpayers with offshore assets and income last year. This was the first time that HMRC has managed to exceed half a billion pounds, according to information obtained by accountancy firm Access Financial.

According to data obtained under a Freedom of Information Act request, the elite Offshore, Corporate and Wealthy unit, which sits within the Fraud Investigation Service at HMRC, has increased its tax haul by 72% over the past two years, rising from £325m in 2016/17.

“HMRC’s

... read more at: https://www.accountancyage.com/2019/06/27/hmrc-took-over-500-million-from-british-taxpayers-with-offshore-interests/