While the prosecution of wealthy individuals has decreased in recent years, the current Labour government has set HMRC a target of 20 per cent more prosecutions by 2030, for which they have provided additional funding to finance these additional prosecutions.

In this article for the Financial Times Advisor, Rachel Cook examines HMRC’s increasingly aggressive approach to tackling unlawful tax avoidance — including higher prosecution targets, dawn raids and a growing focus on wealthy individuals and their professional advisers — and what this means in practice for financial advisers seeking to manage risk and avoid criminal exposure.

To read the article, please click here.