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12/08/2013
Government Launches Tax-Avoidance Consultation
The government has pledged to clamp down on tax avoidance schemes across the UK through a new period of consultation on the behaviour of high-risk promoters of such schemes.
The proposals will include naming high-risk promoters, a range of new information requirements and other penalties.
One proposal being considered under the consultation is a 'name and shame' campaign to publicise high-risk promoters of tax-avoidance schemes.
HMRC says it does not currently have the power to name promoters of avoidance schemes whose behaviour is high-risk.
Other proposals include new information powers and penalties of up to £1m for failing to comply.
Exchequer Secretary to the Treasury, David Gauke said: "This government is committed to tackling tax avoidance and the proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes.
"HMRC is successful in over 80 per cent of the avoidance cases they take to court so we want to deter taxpayers from using these often unsuccessful schemes and ensure that they pay the tax that is due.
"The vast majority of tax advisers are not high-risk and have moved away from selling aggressive avoidance schemes but; there is still a minority that persists in promoting these schemes. We want to make life as difficult as we can for them and demonstrate that there is no tolerance for aggressive tax avoidance."
(IT/JP)
The proposals will include naming high-risk promoters, a range of new information requirements and other penalties.
One proposal being considered under the consultation is a 'name and shame' campaign to publicise high-risk promoters of tax-avoidance schemes.
HMRC says it does not currently have the power to name promoters of avoidance schemes whose behaviour is high-risk.
Other proposals include new information powers and penalties of up to £1m for failing to comply.
Exchequer Secretary to the Treasury, David Gauke said: "This government is committed to tackling tax avoidance and the proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes.
"HMRC is successful in over 80 per cent of the avoidance cases they take to court so we want to deter taxpayers from using these often unsuccessful schemes and ensure that they pay the tax that is due.
"The vast majority of tax advisers are not high-risk and have moved away from selling aggressive avoidance schemes but; there is still a minority that persists in promoting these schemes. We want to make life as difficult as we can for them and demonstrate that there is no tolerance for aggressive tax avoidance."
(IT/JP)
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