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Tougher sanctions planned for avoidance scheme promoters

18 August 2020
Issue: 4757 / Categories: News

The government is consulting on proposals to strengthen the sanctions against promoters or enablers of tax avoidance schemes. Changes are planned for these regimes:

  • disclosure of tax avoidance schemes;
  • promoters of tax avoidance schemes;
  • penalties for enablers of defeated tax avoidance;
  • general anti abuse rule; and
  • disclosure of avoidance schemes: VAT and other indirect taxes.

The consultation should be read with the draft legislation published on 21 July 2020.

These changes were announced in December 2019 as part of the government’s response to Sir Amyas Morse’s loan charge review.

Comments are invited by 15 September.

Issue: 4757 / Categories: News
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