Drafts Would Empower UK Crackdown on Dishonest Tax Advisers (1)

Legislative changes proposed Monday would give UK authorities more power to take action against tax advisers who help clients avoid compliance with tax laws.

The proposed changes unveiled by His Majesty’s Revenue and Customs would allow HMRC to request information from tax advisers where there is reasonable suspicion of deliberate noncompliant conduct, like providing advice that leads to inaccuracies on a tax return, or encouraging tax-repayment claims without checking if taxpayers are entitled to them.

The proposal would also impose penalties on advisers who engage in such conduct, based on the amount of the tax loss; and publish details about ...