Source: HMRC Press Release 26/09/2016
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors.
This means that HMRC’s court successes against this promoter have now protected £916 million in tax from:
‘Chappell’, covering 304 users, protecting £143 million.
‘SG Repo’, ‘Working Wheels’ and ‘Stony Heating’, involving just over 1,000 users, protecting £630 million.
A first-tier tribunal ruling against ‘Blue box’ involving 70 users and £48 million. NT Advisors are continuing litigation.
‘Romangate’ covering 359 users, protecting £95 million.
HMRC has collected £3 billion from users of tax avoidance schemes in the last two years under its “accelerated payments” programme, which collects disputed tax up front. It is also consulting on tough new penalties for accountants, tax planners and advisers who provide advice on how to avoid tax.