HM Revenue and Customs has assumed new powers to tackle tax fraud and evasion as key parts of new legislation take effect, including tougher rules on construction industry schemes and penalties for promoters of tax avoidance arrangements. Correction: A previous version of this article misstated which HMRC reforms took effect on April 6. The error has been corrected.
Law360 UK
Financial Services
WEDNESDAY, APRIL 8, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

CORRECTED: HMRC Takes On New Powers As Tax Dodge Measures Kick In

By William Janes

HM Revenue and Customs has assumed new powers to tackle tax fraud and evasion as key parts of new legislation take effect, including tougher rules on construction industry schemes and penalties for promoters of tax avoidance arrangements. Correction: A previous version of this article misstated which HMRC reforms took effect on April 6. The error has been corrected.

Read full article » | Save to favorites »

City Body Foresees Problems In Gov't Digital ID System

By Alex Davidson

A trade body for financial institutions raised concerns on Tuesday over how a new national online identity system will work alongside the existing requirement for checks to identify future customers under the money laundering regulations.

Read full article » | Save to favorites »

LITIGATION

Brothers Claim Signatures Were Forged In £5M Debt Case

By Ronan Barnard

Two brothers accused of owing almost £5 million in outstanding payments on an investment loan have alleged their signatures were forged on loan agreements.

Read full article » | Save to favorites »

POLICY & REGULATION

UK Treasury Pressed To Widen Equivalence Regime With EU

By Alex Davidson

Trade bodies for U.K. and European financial institutions have urged HM Treasury to extend post-Brexit capital rules that allow overseas businesses to operate in Britain when they comply with home regulations.

Read full article » | Save to favorites »

Brief

DWF Joins FCA And PRA Supervision Panels

By Tom Fish

The Financial Conduct Authority and the Prudential Regulation Authority have added DWF to their panels that provide oversight of the financial sector, the law firm said Tuesday.

Read full article » | Save to favorites »

DEALS

ING Ends Russian Unit Sale Amid Doubts On Buyer Approval

By Dawood Fakhir

Dutch bank ING Groep NV said Tuesday that it will not sell Russian subsidiary ING Bank (Eurasia) JSC to Global Development JSC as it does not expect the Moscow-based buyer to get regulatory approvals.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse 2026 AI Survey Promo that reads Law360 Pulse Live From ABA Techshow. Unlock  insights and essential highlights from industry leaders. Watch Now

LAW FIRMS IN TODAY'S NEWS

4 Pump Court

CMS Cameron McKenna

DWF LLP

Kings Chambers

Nabarro LLP

Stevens & Bolton

COMPANIES IN TODAY'S NEWS

Citigroup Inc.

Enterprise Chambers

Euronext Amsterdam NV

Experian PLC

ING Groep NV

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Conduct Authority

HMRC

Prudential Regulation Authority

UK High Court