Advisers lead rearguard fight against avoidance rules
An alliance of tax advisers is urging accountants and business people to join their campaign against Draconian measures set out in last month’s Tackling marketed tax avoidance consultation document.
The campaigners argue that the profession is in danger of sleepwalking into a significant loss of tax rights by not challenging proposals that are being fast-tracked into the 2014 Finance Bill.
The consultation document published on 24 January undermined fundamental principles of British justice, argued Douglas Aitken, tax director at specialist consultancy Peak Performance.
“It’s far more fundamental than tackling nasty tax avoiders,” he told the audience at the 2020 spring conference in Coventry on Thursday.
“I urge you to read it. It’s like police stopping a blue car for speeding and deciding that every blue car has been speeding. Then saying, ‘Let’s go back for the last 10 years and assume every blue car was speeding and retrospectively apply a fine to them.’
“And there’s no right of appeal. That’s what’s coming in with that consultation document...