Wednesday 23 October 2019

HMRC Clamping Down on Avoidance Scheme Enablers


HMRC is clamping down on the promoters and enablers of tax avoidance schemes in an effort to stop situations like the loan charge happening in the future.

Speaking at a Treasury select committee evidence session on October 22, Penny Ciniewicz, HMRC’s director general of customer compliance, said the department was “doubling the resources” it had involved in tackling those in the 'avoidance supply chain'.

This includes companies and people ranging from the designers of schemes to accountants and financial advisers who recommend the schemes to their clients.

Ms Ciniewicz said:
We have more than 100 current investigations into promoters [and enablers] and we’re keeping a very close eye on the market for avoidance.

We are spotting schemes as they emerge and we’re tackling them.
Avoidance is legal, evasion is illegal.

The issue with the loan charge scheme is that it was deemed to be illegal, and then HMRC went after people who had used it before it was deemed illegal (ie there is a retrospective element to this).

Tax does have to be taxing.

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8 comments:

  1. Too little too late, are they going to deal with the provides of schemes from past or are they just going to let those individuals get away with their scams? Think Accounting and the MSC Legislation is one that springs to mind.

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  2. Too little too late, are they going to deal with the provides of schemes from past or are they just going to let those individuals get away with their scams? Think Accounting and the MSC Legislation is one that springs to mind.

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  3. Too little too late, are the shambles that is HMRC going to pursue promoter's from previous years, rather than hounding people who did everything in good faith. Get after the Director's of Think Accounting, New Wave Accounting and Igloo Accounting and their healthy bank balances due to their scam involving the Managed Service Company Legislation.

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  4. She dodged a bullet with Respect at work questions and loan charge. Fortunately the only MP posing questions was incomprehensible. HMRC should hire her!

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  5. Shame the department didn't clamp down quicker on Enablers of sexual assault in Counter Avoidance.

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    Replies
    1. Should we be surprised at this? HMRC's reputation speaks for itself - rife with a violent staff bullying culture; rife with a culture of distain towards taxpayers; and rife with cretins who are only too happy to cover it all up with a total disregard for the lives ruined in the process. They're 'just doing their jobs' and all the rest of it. In other words: corrupt from top to bottom.

      Frankly, they operate as they please, even if it's outside the law. Reforming this beast of a department is a mammoth task and seemingly nobody is up to the job.

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  6. Indeed they are. This is going to ruin her Christmas.

    https://www.prolificnorth.co.uk/news/broadcasting-news/2019/10/former-look-north-presenter-facing-ps400k-tax-bill-after-losing-hmrc

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  7. It won't help the victims now. Their families or children. Warm platitudes to the Select Committee and hope it will all be forgotten so they can go back to spouting that they are a Top 10 Penguin Friendly Employer and shaking the bucket for Children in Need.

    https://economia.icaew.com/news/october-2019/hmrc-refers-four-more-loan-charge-suicides

    ReplyDelete