Tax avoidance schemes 'utterly immoral', says Margaret Hodge

clock

Firms devising and running tax avoidance schemes are "running rings" around Her Majesty's Revenue & Customs (HMRC), MP Margaret Hodge has said.

Hodge chairs the Public Accounts Committee (PAC), which is questioning tax advisers and operators of the schemes. She said the public would consider such schemes as "completely and utterly and totally immoral", reports the BBC. Hodge said tax avoidance schemes were being used for a purpose not intended by Parliament and that it was not simply wealthy investors being marketed to. "There are a lot of ordinary people who are being scammed", she said. Aiden James, director of Tax Trade Advisors, a firm that markets tax avoidance schemes to clients, told the Committee that "tax law i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Transact launches flexible reversionary trust ahead of 2027 IHT changes

Transact launches flexible reversionary trust ahead of 2027 IHT changes

Strengthening onshore and offshore bond offering

Isabel Baxter
clock 11 June 2026 • 2 min read
HMRC consults on extending UTT regime 'targeting' wealthy individuals

HMRC consults on extending UTT regime 'targeting' wealthy individuals

To cover stamp duty, National Insurance, IHT and CGT

Isabel Baxter
clock 13 May 2026 • 2 min read
Probate cases taking nearly two years rise by 131%

Probate cases taking nearly two years rise by 131%

Increased risk of interest accruing on IHT

Jaskeet Briah
clock 07 April 2026 • 2 min read