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Game over?

02 December 2014 / Allison Plager
Issue: 4480 / Categories: Comment & Analysis , accelerated payment , DOTAS , GAAR , Hardman lecture , Avoidance
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Mass-marketed avoidance schemes look to be on the way out

KEY POINTS

  • There is not one solution to avoidance because there is not one problem.
  • Accelerated payment notices have altered the dynamics of avoidance.
  • The tax bar would be more accountable if a barrister signing off a scheme was required to advise the participant.
  • Should HMRC encourage taxpayers to settle even if as a result less tax is paid?

Collecting tax is similar to watering a garden with a colander said Jolyon Maugham barrister Devereux Chambers in his Hardman memorial lecture of the ICAEW Tax Faculty on 11 November.

Tax tends to fall through the holes and as soon as the holes in the bottom are plugged it starts gushing through other holes further up the sides.

He said the first of the “big plugging exercises” was...

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