Market leading insight for tax experts
View online issue

Budget 2011: are HMRC obsessed with avoidance?

The Tackling Tax Avoidance strategy document is a useful summary of how HMRC are trying to strangle tax avoidance at birth, and if that does not work how it will hunt down avoiders and ultimately put them through costly litigation.

The Tackling Tax Avoidance strategy document is a useful summary of how HMRC are trying to strangle tax avoidance at birth and if that does not work how it will hunt down avoiders and ultimately put them through costly litigation. The new developments in the strategy have been widely reported including requiring upfront payment of tax in some instances and for scheme promoters to hand over their client lists. Any pressure on the cash flow advantages from schemes is likely to be a serious deterrent.

HMRC have achieved significant behavioural shifts in recent years ably abetted by a string of Tribunal judgments that have held against taxpayers...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top