by Dr Pete Sproat | Mar 28, 2024
HMRC delaying publishing data on use of tax avoidance schemes Increased civil action likely only containing total number of schemes at best Evidence suggests no criminal prosecutions of promoters of tax avoidance in last five years £1m penalty charged on a promoter...
by Dr Pete Sproat | Oct 30, 2023
Two proposals in the draft Finance Bill 2023-24 aimed at tackling “the most persistent and determined promoters of tax avoidance” have been welcomed by TaxWatch. The criminalisation of those who fail to comply with a Stop Notice under the POTAS (promoters of tax...
by Dr Pete Sproat | Apr 24, 2023
In 2016 Chancellor George Osborne declared the introduction of the loan charge would “shut down disguised remuneration schemes”. Yet HMRC estimates 31,000 people used such schemes in 2020-21, resulting in a loss of £400m in tax. The authorities have attempted to...
by Dr Pete Sproat | Apr 17, 2023
Following an era of austerity and a series of tax scandals, there has been a sea change in the public attitude towards tax evasion and those who create elaborate tax avoidance schemes that go against the spirit of the law. One aspect of this change is the increased...
