Accountants, lawyers and other advisors who enable offshore tax evasion face new sanctions from 1st January 2017.
Individuals or corporates who take deliberate action to help others evade paying UK tax face fines of up to 100% of the tax they helped evade and may also be publicly named.
Tax evasion has always been illegal and the new law means that HMRC can charge civil penalties to facilitators who provide planning, advice or other professional services or physically move funds offshore.
Article taken from FCSA
