The HMRC Avoidance Clampdown hits some accountants

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Accountants and tax advisers who help clients avoid paying tax could face huge fines under the Government’s latest proposed clamp down on tax cheats.

HMRC is now issuing a consultation document which proposes that advisers who help their clients try to cheat the tax collectors could be fined up to 100 per cent of the underpaid tax.

Currently, it can be very expensive for the person who owes tax when they are defeated in court by HMRC, but the tax planners who advised them to try an alleged illegal tax avoidance scheme have in the past run little or no risk. The Government is now proposing to target them in the hope of rooting out even more tax avoidance schemes.

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