At the end of November, HMRC launched a campaign warning tax evaders that it would soon start to receive details on UK taxpayers from more than 90 countries, under new global agreements.
The Offshore Tax Evasion (OTE) regime will see information passing to the UK tax authorities from a large number of countries. Although measures to tackle unlawful tax evasion are welcome, there is potential for error on the part of HMRC. Anyone contacted by HMRC following information received through the OTE regime should seek appropriate professional advice.
The government press release can be read here.