HMRC launch Offshore Tax Avoidance Campaign

HMRC have launched a brand new offshore tax avoidance campaign. Offshore tax avoidance was big news back in 2013, much publicised by the media and, with a some help from celebs like Jimmy Carr, fast became a household discussions. By the looks of things, HMRC are keen to clampdown on hidden offshore income, armed with the ominous pledge, ‘We are closing in on you.’ “If you’ve declared your taxable income and gains then you have nothing to worry about. But if you haven’t and we catch you, you’ll have to pay the undeclared tax, a penalty of up to double the tax you owe, and could even go to prison”.

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