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HMRC renews vows to eliminate tax avoidance schemes

In a renewal of its vow to eliminate tax avoidance schemes employed by contractors and permanent workers alike, Her Majesty’s Revenue & Customs has come forward with a new briefing detailing the types of steps to be taken against individuals found to be dodging paying taxes.

It doesn’t matter whether or not you’re using a scheme that’s technically legal or not, says HMRC – the results are the same, as £5 billion of the £35 billion gap between the amount collected in taxes and the total amount due is the result of tax avoidance schemes. In order to recover these funds, the taxman is prepared to pursue tax avoidance schemers relentlessly, according to one HMRC spokesman, who added that legal action will be taken against these schemes whenever it is possible due to the renewed determination to challenge tax avoidance at every turn.

It’s the goal of HMRC to make tax avoidance schemes both illegal and unwieldy in the extreme. The taxman cautioned against their use altogether, claiming that individuals using such schemes can not only run the risk of wasting their cash on fees for a tax avoidance scheme that simply won’t work to shelter their cash but will also have to endure an exhaustive look into their tax affairs by HMRC.

The taxman is prepared to overturn every single rock in an attempt to stamp out tax avoidance, which means that if you’ve any skeletons in your closet and  you do engage in even a legal tax avoidance scheme, HMRC will be most likely going over your tax records with a fine-toothed comb.

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