17th Apr 2007
Offshore Disclosure Facility - The Tax Amnesty Has Arrived………..Or Has It? Over the last year there has been huge speculation in the offices of tax advisers that HM Revenue & Customs were about to launch an amnesty for certain classes of taxpayer. This follows success by HMRC in obtaining substantial...more
5th Jan 2007
With virtually every successful HM Revenue & Customs prosecution advisers should be aware that the Courts will be asked to consider awarding Confiscation Orders either under the Criminal Justice Act or the Proceeds of Crime Act, depending on the nature and timing of the indictments. Anticipating this and preparing effectively in advance...more
4th Jan 2007
The Proceeds of Crime Act 2002 brought in the Asset Recovery Agency (“ARA”). Ever since 2003 ARA has been flexing its muscles in tackling what it sees as targets with funds accumulated through criminal activity. Cases are started from reports made by a Law Enforcement Agency, typically the police or HM Revenue & Customs. Often...more