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Who HMRC May Target With the New Strict Liability Offence of Not Declaring Offshore Income and the Potential for Injustice

On 19th August 2014 HMRC published new consultation documents outlining the Government’s proposals to prevent individuals hiding money offshore to evade tax. The central plank in HMRC’s strategy is introducing a new strict liability offence of having taxable income offshore without declaring it to the authorities.   These consultation documents add flesh to the bones of […]