Richard Cornelisse

Firms giving advice on aggressive tax avoidance could face large fines

In Indirect Tax Strategic Plan on 18/08/2016 at 3:10 pm

uk

Accountants, lawyers and consultants whose multibillion pound industry provides advice on how to aggressively avoid tax could face large financial penalties under government proposals.

Plans set out in a consultation document released on Wednesday will suggest that tax advisers whose schemes are defeated in the courts might pay a fine of up to 100% of the money lost to the taxpayer.

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