The UK will impose penalties on Accountants and Tax Advisers who adopt tax evasion schemes

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Under new laws that came into effect as of January 1st, 2017, all Bankers, Accountants and Tax Consultants will be held liable for the development of tax evasion schemes. As a first step, penalties amounting to £3,000 or 100% of the hidden profit tax amount will be applied.

The tax evasion will also include profit shifting to tax havens.

Aside from that, the newest legislation requirements make companies accountable if the tax avoidance was attributable not only to its employees, but also to contractors.