The government has announced new proposals to crack down on the promoters of contrived and aggressive tax avoidance schemes.
New measures include strengthening the Disclosure of Tax Avoidance Schemes (DOTAS) rules, extending HMRC’s powers in obtaining disclosure of scheme users from financial advisers, and naming and shaming promoters.
David Gauke, exchequer secretary to the Treasury said today: “Some might say that consultation documents on tax administration are an effective cure for insomnia, but this is one that will keep the promoters of aggressive tax avoidance schemes awake at night.”
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About Robert Lovell
Business and finance journalist