Consultation outcome

Tackling offshore tax evasion: Strengthening civil deterrents

• From: HM Revenue & Customs and The Rt Hon David Gauke
• Published: 19 August 2014
• Last updated: 10 December 2014 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Read the full outcome

Tackling offshore tax evasion: Strengthening civil deterrents - Summary of responses

PDF, 218 KB, 21 pages

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Detail of outcome

The response document sets out the government’s response to the consultation document published below. The responses received are summarised and a full list of respondents is included, but where appropriate the names and personal or commercially sensitive information has been redacted. The government has heard the concerns voiced during the consultation and is grateful for the constructive and informative suggestions it received.

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Original consultation

Summary

HMRC is seeking views on options to strengthen civil sanctions for those evading tax by hiding taxable income, gains and assets offshore.

This consultation ran from
9:30am on 19 August 2014 to 5pm on 31 October 2014

Consultation description

HMRC published an update to its offshore evasion strategy on 14 April 2014. This consultation is intended to explore the design of tailored sanctions to more effectively deter tax non-compliance linked to income and gains arising and assets held offshore.

We welcome views on the design of the proposed options. This supports and builds on the regime for increased penalties for non-compliance involving offshore matters.

While the technical nature of several of the issues involved lends itself to a written response, the consultation team would be happy to meet to discuss the proposals.

This consultation takes forward HMRC’s strategy for tackling offshore evasion, No Safe Havens. An update on this strategy was published in April 2014.

Documents

Tackling offshore tax evasion: Strengthening civil deterrents

PDF, 453 KB, 37 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 19 August 2014
Last updated 10 December 2014 + show all updates

1. 10 December 2014

   Response document published.

2. 19 August 2014

   First published.