Yields From UK Offshore Tax Probes Climbing, Data Shows

Law360 (June 26, 2019, 2:53 PM EDT) -- The British tax authority has increased the amount collected from investigating undeclared offshore assets every year since it set up a specialist team to investigate tax evasion, according to data disclosed Tuesday. 

Even as the number of offshore investigations by HM Revenue & Customs declined, the British tax agency continued to collect more and more each year from the probes since financial year 2016-2017, according to data obtained through a freedom of information request by Access Financial, a tax consulting firm. 

Access Financial originally shared the data with the Financial Times. Law360 spoke with Access Financial Wednesday to verify the figures....

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