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