Five names added to HMRC’s tax avoidance schemes list

24 January 2023

HM Revenue and Customs (HMRC) regularly updates its list of tax avoidance schemes, promoters, enablers and suppliers.

Five new companies have been added to the list, including three linked to one company, AML Tax (UK) Ltd. These schemes used complex company structures, using directors’ loan account to generate profit and incorrectly pay the due taxes. Lat year, AML Tax (UK) Ltd was fined £150,000 for failing to provide information as part of a HMRC investigation.

The other two schemes added were as a result of using the more common method where a payment close to minimum wage is paid and additional payments made in a disguised arrangement.

HMRC also indicates in the press release that the first penalties for enablers has been issued. This is to dissuade any involvement in the supply chain of a tax avoidance scheme. There are also over 150 investigations currently underway.

HMRC also encourages the use of its interactive risk checker, to see if it is likely someone you are involved with is operating such a scheme.

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