27.01.2017. UK introduces new penalties for tax evasion “Enablers”

News

As part of new powers announced in the 2015 Budget, individuals or corporates who deliberately help others to evade paying tax could be fined up to 100 percent of the tax they helped evade or GBP3,000, whichever is highest.

This year, the Government will also introduce a new corporate criminal offense of failing to prevent the facilitation of tax evasion. In addition, companies will be held liable if an individual acting on its behalf as an employee or contractor facilitates tax evasion.

Meanwhile, taxpayers who do not correct past evaded taxes by September 30, 2018, face new penalties under new legislation.