Britain is planning to propose new rules on money held by individuals offshore to fight against tax evasion.
The proposed rules will beef up penalties for offshore tax evasion of up to 200% of the tax owed.
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Under the new criminal standard, tax officials will only have to show that income on money held by individuals outside Britain is taxable and undeclared in order to secure a prosecution.
Furthermore, the UK government is working with other countries on international information-sharing agreements to crack down on tax evasion.
Since last two years, the government has recovered £1.5 billion from offshore tax avoiders.
A consultation period on the proposed new rules is scheduled to start in the coming days.
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By GlobalDataGeorge Osborne UK finance minister said: "The message is clear with this new criminal offence: if you are evading tax, there is no safe haven and we will find you."
