\'Tough\' new measures including action to tackle VAT fraud, close loopholes on offshore tax avoidance and crack down on rogue illegal waste site operators have become law in the UK.

The Finance Act 2018, which includes these measures and has now received Royal Assent, is hoping to raise an additional £1.2 billion from tackling tax avoidance, evasion and non-compliance.

The new legislation will tackle \'tax shortfalls\' in the following areas:

- People will not be able to avoid paying UK tax on the funds they withdraw from offshore trusts, as the government closes loopholes in existing anti-avoidance rules