HMRC names tax avoidance promoting directors for the first time

Published on: 31 August 2022

Published by a

Specialist Tax Regulatory Materials

Article summary

HMRC has used new powers to publicly name directors of tax avoidance promoting companies for the first time. Saxonside Ltd and its director, Adam Fathers, have been named in addition to director of The Umbrella Agency Ltd, Stuart John Brooke. HMRC warns customers to leave the firms’ schemes or risk large tax bills. HMRC’s Director of Counter Avoidance, Mary Aiston, stated this should serve as a ‘stark warning’ and that HMRC will continue to use all powers to ‘crack-down’ on promoters.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

News

Guidance

Popular Articles

Corporation Tax

Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more

Corporation Tax

Research and development expenditure credit (RDEC)

Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for

14 Jul 2020 13:24 | Produced by Tolley in association with Will Sweeney Read more

Corporation Tax

Corporate interest restriction ― administrative aspects

Corporate interest restriction ― administrative aspectsThe corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns. This guidance note does not include commentary on provisions that are

14 Jul 2020 11:19 | Produced by Tolley Read more

��˾��ҹ��