HMRC has published the terms of a new settlement opportunity open to participants they believe have entered into schemes which seek to get more tax relief than the “real economic cost that they have borne”.
Following news in December of additional investment in the clampdown on tax avoidance and evasion, HMRC invited participants in a variety of schemes to settle their tax liabilities by agreement, without the need for litigation.
The schemes covered include those:
About Robert Lovell
Business and finance journalist