HMRC names tax avoidance promoting directors

01 September 2022

Her Majesty’s Revenue and Customs (HMRC) has updated their list of named tax avoidance schemes, promoters, enablers and suppliers. There are now 15 named companies on the list. However, for the first time, HMRC has included the names of directors on two of those schemes.

The hope is that naming directors will help the public stay clear of other schemes that may have the same directors.

Director of counter avoidance, Mary Aiston, said in the HMRC press release:

“Naming the people behind tax avoidance schemes is a crucial step in helping customers stay clear of current and future schemes they promote.

“Our recent action should serve as a stark warning to promoters who think they can get away with peddling avoidance schemes. We will continue to use all the powers at our disposal to crack-down on promoters.

“Customers who think they’re involved in a tax avoidance scheme, should withdraw from the scheme and contact us for help as soon as possible.”

It is clear that HMRC is putting a concerted effort into tax avoidance and fraud prevention initiatives. This is the first time HMRC has used new powers enabling them to name directors, shareholders and company officers. These powers will also allow details to be shared much faster than previously, giving potential users of these schemes better opportunity to avoid them.

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