Labour's tax clampdown sparks fraud investigations 'spike' warning

High-income individuals could look to ‘illegal tactics’, crime specialist says

Jen Frost
clock • 2 min read

Tax changes included in Labour’s Autumn Budget, revealed yesterday (30 October), could drive a spike in fraud tax investigations, a business crime law specialist has said.

"Clamping down on tax avoidance and misuse was high on the agenda and has been clearly signposted as a means to raise funds, with a focus on closing tax ‘loopholes', an appointment of a Covid corruption commissioner to investigate the businesses who used a national emergency to line their pockets and a reenergised HMRC debt recovery taskforce as well as clamp down on tax avoidance schemes," said Primas Law head of business crime & regulatory John Hartley. "The government has a difficult job on its hands, and while tough fiscal decisions are understandable, we cannot overlook the potential o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Spring Statement sigh of relief? Don't hold your breath for the Budget

Spring Statement sigh of relief? Don't hold your breath for the Budget

'It never hurts for us to adopt the brace position'

Lee Halpin
clock 15 April 2025 • 4 min read
A new tax year for advice: 'Tax planning is not done'

A new tax year for advice: 'Tax planning is not done'

Advisers urge clients to maximise their tax breaks

Isabel Baxter
clock 08 April 2025 • 5 min read
Farming families must be proactive on advice ahead of APR/BPR change

Farming families must be proactive on advice ahead of APR/BPR change

‘The difficult conversations need to happen now’

Sahar Nazir
clock 03 April 2025 • 6 min read