Tax advisers arrested in suspected £132m tax fraud investigation – HM Revenue & Customs (HMRC)

Three tax advisers have been arrested as part of a HM Revenue and Customs (HMRC) investigation into a suspected £132 million tax fraud. More than 30 officers from HMRC searched four residential and one business address during morning raids yesterday in the North West and Midlands.

Computers, business and personal records were seized during the operation. The arrests were made as a result of a HMRC investigation into a complex scheme involving offshore trusts used by professional financial advisers to facilitate UK individuals to avoid around £132 million in Income Tax.

Read more: Tax advisers arrested in suspected £132m tax fraud investigation – HM Revenue & Customs (HMRC)

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