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.