A new HMRC factsheet, Compliance checks: Serial tax avoidance – warning notices (CC/FS38), outlines the ‘serial tax avoidance’ legislation introduced by Finance Act 2016, including warning notices HMRC may issue to users of tax avoidance schemes that have been defeated.
A new HMRC factsheet, Compliance checks: Serial tax avoidance – warning notices (CC/FS38), outlines the ‘serial tax avoidance’ legislation introduced by Finance Act 2016, including warning notices HMRC may issue to users of tax avoidance schemes that have been defeated. A warning notice remains in place for five years, during which the taxpayer will be subject to special measures, including penalties. The legislation applies to schemes defeated on or after 6 April 2017, where the taxpayer entered into the scheme on or after 15 September 2016.
A new HMRC factsheet, Compliance checks: Serial tax avoidance – warning notices (CC/FS38), outlines the ‘serial tax avoidance’ legislation introduced by Finance Act 2016, including warning notices HMRC may issue to users of tax avoidance schemes that have been defeated.
A new HMRC factsheet, Compliance checks: Serial tax avoidance – warning notices (CC/FS38), outlines the ‘serial tax avoidance’ legislation introduced by Finance Act 2016, including warning notices HMRC may issue to users of tax avoidance schemes that have been defeated. A warning notice remains in place for five years, during which the taxpayer will be subject to special measures, including penalties. The legislation applies to schemes defeated on or after 6 April 2017, where the taxpayer entered into the scheme on or after 15 September 2016.
