Recent developments on enforcement & penalty powers

Speaker: John Tallon QC & Charles Bradley

Topic will cover the following:

• Proposed changes to the GAAR regime
  •  penalties
  • provisional counter-action
  • extension to “equivalent arrangements”
• Proposed new criminal offence for failure to declare taxable offshore income and gains
• Civil penalties for “enablers of offshore tax evasion”
• Publication of “tax strategies” of qualifying companies, groups, sub-groups and partnerships
• Increases in penalties referable to failures, etc relating to offshore matters or transfers