Calls for professionals, including financial advisers, lawyers and accountants, who advise on tax avoidance to be prosecuted have been branded "flawed" and "disingenuous" by deVere Group.
The suggestion to prosecute advisers was part of a series of amendments to the Finance Bill tabled by MP for Dover Charlie Elphicke. The amendments would make it illegal to advise clients to actively avoid paying tax. Elphicke, an ex-tax lawyer, told The Times on Monday: “You shouldn’t just go after the client, you should go after the person who advises them.” Nigel Green, founder and chief executive of deVere Group, said: “For someone who had a career as a tax lawyer, it seems bizarre that Mr Elphicke appears unaware of the differences between tax avoidance, which is perfectly legal an...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
