Comment on the revelations of the Panama Papers

We comment via UK200Group on the recently leaked ‘Panama Papers’ and tax evasion.

 

‘11.5 million documents relating to offshore structures is highly significant in HMRC’s fight against tax evaders.

“HMRC’s request to secure the data for checking against their Connect system comes at a crucial time. Currently there are no HMRC offshore tax disclosure facilities which would enable individuals to come forward and disclose tax irregularities.”.

If someone has deliberately evaded tax, then they could take advantage of HMRC’s Code of Practice 9 procedures. However … specialist tax advice should be sought in these circumstances.’

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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