HM Revenue & Customs  

HMRC gets boost to criminal powers

However, whenever a new law comes onto the statute book, particularly one which deals with complex economic crimes, it can take a number of years for the first investigations and prosecutions to conclude and HMRC will in all cases balance the need to make examples of individuals and corporates against its tax collection mandate.

In due course, though, we are likely to see increased scrutiny of professional advisers and their firms – and more prosecutions.

Jonathan Pickworth is a partner and Jonah Anderson is an associate of White & Case