Taxman brings in billions of tax upfront from tax avoiders

Posted on

Source: HMRC Press Release • Sep 05, 2016 09:58 BST

HM Revenue and Customs (HMRC) has collected £3 billion by forcing those under investigation for tax avoidance to pay up disputed tax immediately, the Financial Secretary to the Treasury, Jane Ellison announced today. The move continues the government clampdown on tax avoidance following last month’s announcement that enablers of tax avoidance will face tough new sanctions.

The 60,000 accelerated payment notices (APNs) issued since the new rules were introduced in 2014, have forced tax avoidance scheme users to pay up £3 billion of disputed tax upfront while their tax affairs are investigated by HMRC.

HMRC has successfully defended the accelerated payment rules in five out of five Judicial Review challenges.

With HMRC winning almost 90% of avoidance litigation cases brought against it, the vast majority of individuals choose to settle their tax bill rather than entering into lengthy and costly litigation.

Source article here

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s