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HMRC raids on the rise
10 August 2017
The taxman’s is getting up earlier these days – dawn raids have jumped 34% in the last 5 years.
And, according to the experts they could become even more frequent.
Enforcement of a new corporate criminal offence from September could increase these early morning raids, says law firm Pinsent Masons.
Last year the total property raids rose to 1,563, a rise of 8% year-on-year. Currently the raids mostly focus on benefit fraud and illegal cigarette trading. In fact, raids relating to so-called white collar crimes actually dropped last year by 12%. But, Pinsent Mason suggests the new offence of failure to prevent the facilitation of tax evasion will be introduced on 30 September, gives HMRC more powers to prosecute companies and partnerships. It will become a criminal offence for firms not to have proper processes in place to ensure employees are not involved in tax evasion.
Pinsent Mason’s Jason Collins said: “Banks and professional services companies have a high risk of their staff or agents being involved in tax evasion because of the large amounts of capital handled by them.”
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