Resolving your dispute over alleged tax avoidance schemes

Our highly experienced and fully qualified team of Tax Specialists can deal with HM Revenue & Customs on your behalf to resolve your dispute over alleged tax avoidance schemes on a Fixed Fee basis

 

Of the 65,000 individuals and businesses under investigation for having used various tax reducing schemes, many may be required to pay the amount of tax in dispute before the end of this year!

When the new law receives Royal Assent in about mid-July 2014 those with an open enquiry or appeal may receive a notice to pay the tax upfront where their case is deemed by HMRC to be similar to another scheme that has been defeated in the Courts.

This will also apply to any scheme reported under the Disclosure of Tax Avoidance Scheme rules (DOTAS) or where a General Anti-Abuse Rule (GAAR) Counter-action Notice has been issued.

It is estimated that it will take three to four years for HMRC to contact and request payment from all of those expected to make upfront payments.

The new tax rules will apply to employee benefit trusts, contractor avoidance, partnership schemes and stamp duty land tax. However, contractor avoidance is likely to be the largest category where this involved individuals using offshore intermediaries to obtain loans instead of remuneration, in an attempt to avoid or defer Income Tax and National Insurance Contributions.

Those affected are required to take “corrective action” to resolve their dispute.

HMRC are using this new tax regime "to rebalance the economics of entering into avoidance schemes" by getting taxpayers "to pay disputed tax earlier in the process".

Taking specialist advice to deal with these matters will help to obtain the best possible deal and reduce any applicable penalties. Our experts can guide you through the maze of HMRC procedures in this complex area of tax and help you to resolve your dispute as quickly and economically as possible.

Our tax investigation specialists and their support team are only a phone call away for advice on a no-obligation basis.

 You can call us on 07811 767 478 or email emma.perry@ejpandco.co.uk