17 October 2022 Issue 5 Sebastian McVicker-Orringe and Iain Mottram

A fuller picture

Sebastian McVicker-Orringe and Iain Mottram outline HMRC’s current programme of work regarding complex and opaque offshore structures

Key points

What is the issue?

His Majesty’s Revenue and Customs (HMRC) is gaining new data to help tackle the use of offshore structures to evade or avoid tax and consider bespoke offshore tax arrangements.

What does it mean for me?

Practitioners are in the best place to understand these tax risks, any impact on their clients and how best to support them in being UK tax compliant.

What can I take away?

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