Following a Sky News investigation, the Treasury Select Committee has written to HMRC demanding answers about its enforcement of trade sanctions against Russia. The committee is seeking clarification on why HMRC does not publicly disclose details of sanctioned firms and breaches, unlike other countries such as the United States.
The Treasury Select Committee has sent a formal notice to HM Revenue & Customs demanding answers to critical questions about how it has been enforcing trade sanctions on Russia, following a Sky News investigation into the government department. Last month Sky News reported that while
also admitted it had no idea how many investigations it was currently carrying out into sanction-breaking. The admissions raised questions about the robustness of Britain's trade sanctions regime, described by government ministers as the toughest in British history.
, Sir Jim Harra, with 10 questions about publish information on breaches in sanctions in a similar way to the Office for Financial Sanctions Implementation , which gives the details of the company, how it breached sanctions and the amount of penalty issued?' Many other countries around the world - most notably the United States - routinely 'name and shame' those who break sanctions, in part as a deterrent and in part to inform other businesses about what it takes to break the rules.
RUSSIA SANCTIONS UK HM REVENUE & CUSTOMS TREASURY SELECT COMMITTEE
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