A Freedom of Information (FOI) request has revealed that HMRC has not fined a single ‘enabler’ of offshore tax evasion in five years.
The revelation comes despite HMRC having landmark powers, which were introduced in 2017, to impose hefty fines.
The data, which was released to the Bureau of Investigative Journalism (TBIJ), suggests that HMRC is failing to target the creators of offshore tax evasion schemes and instead pursues clients of such schemes. According to the FOI request, HMRC has not fined a single partnership or company for enabling tax evasion since the change in the law in 2017.
Commenting on the matter, Dan Neidle, founder of think tank the Tax Policy Associates, said: ‘The never-ending stream of new HMRC powers . . . are pointless if the powers aren’t then used.’
A spokesperson for HMRC stated: ‘We have a strong track record in tackling offshore noncompliance. Since the launch of our ‘no safe havens’ strategy in 2019, we have secured almost £700 million from offshore initiatives.’
21/06/2024
View all >
12/01/2026
Inheritance Tax reliefs threshold to rise
The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced.
READ MORE
Spring Statement set for 3 March 2026
The Spring Statement has been scheduled for 3 March 2026 by the Chancellor of the Exchequer Rachel Reeves.
Over 4,800 self assessment scams reported
More than 4,800 self assessment scams have been reported since February 2025, according to data released by HMRC.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.