Things are “only set to get worse”, accountancy firm Blick Rothenberg has said of the introduction of a new criminal offence for offshore evaders by HMRC on 7 October 2017.

Describing the measure as HMRC’s “most severe punitive measure yet”, the London-based tax and advisory practice noted that recent years have seen HMRC implement increasingly punitive measures against those evading UK tax, particularly when in relation to offshore assets.

Under the new criminal offence in relation to offshore assets, cl...