Could HMRC be utilising their efforts in other areas ?
Take a look at Holland V HMRC 2010 SC which seems to attack the veil of incorporation.
I bet Mr and Mrs Holland had a few sleepless nights.
How low can HMRC stoop ?
Replies (3)
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Eh?
Poor old Mr and Mrs Holland? Mr Holland at least seems to me to have been pretty culpable, and a 3:2 majority in the Supreme Court is a narrow victory.
Well it hardly merits your billing
Complex structures aimed at tax avoidance (not to mention sham meeting minutes) are hardly likely not to attract HMRC's attention. As a tax payer I would be agrieved if they did not scrutinise people like the Hollands. Personally I would have lost no sleep had it gone 3-2 in the other direction.