The Finance Bill 2025-26 includes proposals aimed at addressing tax evasion; however, experts believe these measures may not be effective. Proposed policies to address rogue tax advisors cannot solely rely on UK legislation as many offenders operate overseas. Collaboration between HMRC and international tax authorities is essential for effective enforcement. Additionally, proposed increases in penalties could disproportionately affect vulnerable taxpayers, who may not be responsible for lost revenue. The approach emphasizes the need for sensitive handling of tax compliance issues alongside legal measures.
The recently published Finance Bill 2025-26 contains a number of proposals to target tax evasion. But in practice, these measures may prove to be ineffective.
A UK legislation only approach will not be enough to reach them or bring them to trial in this country.
To target these individuals and firms effectively, HMRC and overseas tax authorities will need to develop joined up systems for effectively punishing rogue advisors.
The evidence already indicates that many of these taxpayers with outstanding tax returns are vulnerable individuals, without any financial representative.
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