US EditionHMRC’s crackdown on tax avoidance
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HMRC’s crackdown on tax avoidance
New measures to reduce tax avoidance could raise up to £6.5 billion for the UK government by 2029. By improving the powers given to HMRC, they’re looking to stop people from exploiting the tax system and reclaim unpaid taxes. The new approach will place more scrutiny on business owners’ tax reporting – and potentially criminalise tax avoidance in the future. What is tax avoidance? Tax avoidance is using legal methods to try and reduce a tax bi…
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