Throughout lockdown, the Government has made significant financial contributions to UK businesses to help mitigate the economic impact of the pandemic by way of a £330bn war chest. Now that Britain is re-opening and adjusting to a new normal, HMRC will want to recoup as much of that initial outlay as possible through taxation.[continue reading…]
tax avoidance schemes
Having been granted an increase in specialist funding, HMRC is offering the participants of certain tax avoidance schemes the chance to settle their tax liabilities via agreement, rather than facing litigation.
The Government has announced a range of new measures aimed at clamping down on ‘tax dodgers’ including ‘aggressive tax avoidance’ schemes which are often marketed to contractors and consultants.