The end of tax avoidance?
Posted on 22 Aug 2013
Advisers face 100% fines if they help tax avoiders
Jane Ellison, the financial secretary to the Treasury, will open consultation today over new proposals of governance that could see enablers of tax avoidance face fines of up to 100% of the money lost to HMRC. A Treasury source said the proposed crackdown would mean that "any kind of middle man" involved in a scheme struck down in the courts could be pursued by tax officials. The new powers would allow tax officials to pursue accountancy firms, lawyers and bankers for devising and selling schemes designed to avoid tax. Ms Ellison said: "People who peddle tax avoidance schemes deny the country vital tax revenue and this government is determined to make sure they pay."
The Guardian (17/08/2016)
