After reopening investigation into HSBC clients hiding money in Switzerland,HMRC admits it has still only prosecuted one tax cheatHM Revenue and Customs (HMRC) is winding down its inquiries into hundreds of British customers who used HSBC’s Swiss bank to evade tax, a senior official has admitted. The tax authority reopened its investigation into British customers of HSBC Suisse in February, or but has failed to add to the single prosecution of a tax cheat from the bank,the official told MPs on the public accounts committee on Wednesday. Related: HSBC files timeline: from Swiss bank leak to fallout Related: Taxpayers now waiting twice as long on HMRC helplines Continue reading...
Source: theguardian.com