HMRC has made significant progress in relation to the Panama Papers. Since the last update to Parliament in October 2017, HMRC has more than doubled the number of criminal and civil investigations linked to the Panama papers. To date, the work of HMRC has led to civil and criminal investigations into 140 individuals for suspected tax evasion, including high net worth individuals. As part of this HMRC has made four arrests; and carried out six interviews under caution.
HMRC continues to work alongside UK and international partners to identify and tackle tax and economic crime in all its forms.