- Panama Papers—what are the implications for UK taxpayers?
- Original news
- Can HMRC utilise the information contained in the Panama Papers?
- What could the possible UK tax consequences be for taxpayers whose information has been leaked?
- What are the human rights implications for taxpayers?
- HMRC’s press release focuses on tax evasion, but could HMRC use this information more widely?
- What should tax advisers be advising their clients who are concerned with the leaked information?
- The government has announced that it is bringing forward the introduction of the new corporate criminal offence of failing to prevent the facilitation of offshore tax evasion—could this impact on companies that have been identified in the Panama Papers?
Private Client analysis: Adam Craggs, partner at RPC, considers what the possible implications could be for UK taxpayers whose information has been leaked and what HMRC’s obligations are in relation to the use of this information.
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