Citywire: HM Revenue & Customs’ (HMRC) plan to make holding undeclared taxable offshore income a criminal offence has suffered a blow as it has been omitted from draft legislation.
Full story: http://citywire.co.uk/new-model-adviser/news/govt-drops-plans-to-make-offshore-tax-evasion-a-criminal-offence/a789310?ref=new-model-adviser-latest-news-list