A list of tax avoidance schemes whose users may be required to make an upfront payment of tax has been published today by HM Revenue and Customs (HMRC).
HMRC said the list of scheme reference numbers - which those who use the schemes will recognise - is being published to help avoidance scheme users and their advisers prepare for ‘accelerated payments'. The Finance Bill, which is due to receive Royal Assent later this month, gives HMRC a new power to collect accelerated payments, meaning users of schemes with a reference number on the list may receive a notice to make an upfront payment of tax. The list can be found HERE. > Read: All the latest tax news < Before issuing anyone with an accelerated payment notice, HMRC will write t...
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