HMRC regularly updates its list of named tax avoidance schemes, promoters, enablers and suppliers. In September, the amount of named tax avoidance schemes reached over 100. Keep reading for more information about the dangers of using a tax avoidance scheme.
On the 26th November, HMRC published a report entitled: Use of marketed tax avoidance schemes in the UK. The report discusses how the UK has seen a significant shift in the way promoters of tax avoidance schemes are targeting individuals, and the steps the government are taking to tackle tax avoidance.
Thousands of self-employed individuals are now facing significant tax bills as the government step up their efforts to reclaim underpaid tax via the controversial Loan Charge.
HMRC is on the path to take down the practice of tax avoidance and tax evasion by introducing measures preventing taxpayers from taking advantage of the system.
