HMRC consultation on strengthening sanctions for serial tax avoidance | Practical Law

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.

HMRC consultation on strengthening sanctions for serial tax avoidance

Practical Law Legal Update 3-617-6195 (Approx. 8 pages)

HMRC consultation on strengthening sanctions for serial tax avoidance

by Practical Law Tax
Published on 23 Jul 2015United Kingdom
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.