HMRC has collected £1bn in tax payments from users of tax avoidance schemes as a result of the government's new rules to collect disputed tax. Under the rules for accelerated payments, introduced last year, disputed tax is paid up front by avoidance scheme users. The Government will not tolerate tax avoidance and accelerated payments have been a real game changer. It is no longer possible for certain individuals to avoid tax and sit on the money while their affairs are being investigated. This first £1bn received in accelerated payments by the HRMC shows that the tables are turning on those looking to avoid paying their fair share. Tax avoiders are [...]The post HMRC tax avoidance crackdown appeared first on Semaji Consulting.
