HMRC has added two new entries to its 'Spotlights' which are notifications of schemes which HMRC considers ineffective and which it therefore advises taxpayers not to take part in. The entries read as follows.
'Spotlights 5 and 6
'Customers their advisers and promoters should be aware that we consider the following two tax avoidance schemes to be ineffective. This means that we will most likely investigate tax returns where these schemes have been used and seek full settlement of the tax due plus interest...
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HMRC has added two new entries to its 'Spotlights' which are notifications of schemes which HMRC considers ineffective and which it therefore advises taxpayers not to take part in. The entries read as follows.
'Spotlights 5 and 6
'Customers their advisers and promoters should be aware that we consider the following two tax avoidance schemes to be ineffective. This means that we will most likely investigate tax returns where these schemes have been used and seek full settlement of the tax due plus interest...
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:
