HMRC consultation on strengthening sanctions for serial tax avoidance | Practical Law
On 22 July 2015, HMRC launched a consultation on strengthening sanctions for serial tax avoidance. The proposals include increased reporting requirements for, surcharges on and naming of serial avoiders, bringing serial avoiders within the Promoters of Tax Avoidance Schemes regime and imposing penalties under the general anti-abuse rule (GAAR) regime.