A new team of ‘highly-skilled offshore analysts, technical tax experts and experienced investigators’ will work to ‘identify and pursue’ those who hide income and capital in offshore accounts to avoid UK taxes, HMRC announced.
The Offshore Co-ordination Unit will ‘look to fully exploit the increasing amount of offshore information at HMRC’s disposal, including bank account data’. They will then use the intelligence to develop ‘innovative new ways of tackling offshore tax evasion’.
An HMRC spokesman told Tax Journal that the team – which is separate from the new Affluent Unit looking specifically at land and property offshore – will be drawn from elsewhere in HMRC.
A new team of ‘highly-skilled offshore analysts, technical tax experts and experienced investigators’ will work to ‘identify and pursue’ those who hide income and capital in offshore accounts to avoid UK taxes, HMRC announced.
The Offshore Co-ordination Unit will ‘look to fully exploit the increasing amount of offshore information at HMRC’s disposal, including bank account data’. They will then use the intelligence to develop ‘innovative new ways of tackling offshore tax evasion’.
An HMRC spokesman told Tax Journal that the team – which is separate from the new Affluent Unit looking specifically at land and property offshore – will be drawn from elsewhere in HMRC.
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