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Surely not!
"HMRC will be able to scrutinise any tax planning arrangement it likes in detail"
I didn't thnk HMRC likes any tax planning arrangements.
More seriously, these new proposed powers relate to promoters of schemes. As the Revenue notes say:-
Section 306A(4): the first condition is that the scheme must be of a description
prescribed under section 306(1)(a). Those descriptions, commonly referred to as “hallmarks”, are set out in The Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006 (SI 2006/1543).
What they do not do is put new burdens on taxpayers, but on their advisers , the so called 'promoters' under FA 2004 s307
It is noticeable that there appears to be no amendment proposed to s310 , which deals with 'in house' schemes.
Stating the obvious
OK, I declare that I shall be making full use of my personal allowance this year.
This is an arrangement I am making to reduce tax.
Is that what you wanted ?
;-)