TAX AVOIDANCE SCHEMES: WARNING LETTERS & ACCELERATED PAYMENT NOTICES

SANZAR SOLUTIONS: DOTAS REFERENCE: 90269264

HMRC are now sending out warning letters to participants of Sanzar Solutions Isle of Man Partnership (DOTAS reference: 90269264). This planning arrangement was also used by the promoter under other scheme names.

You may expect to receive a two page letter with HMRC Factsheet CC/FS24 attached which gives further information. The Accelerated Payment Notice (APN) is usually issued within 1 to 8 weeks of this warning letter.

There is no right of appeal against an APN and payment is required within 90 days. Non-payment will attract up to 15% of penalties based on the tax due. It may be possible to avoid these penalties by swift action which includes making representations (if applicable) and arranging a payment scheme.

Also note, there are a number of current and forthcoming judicial review cases about the legality of the APN's but HMRC are having none of it at the moment.

What is certain about this? Ignoring an enquiry; discovery assessment; Follower Notice; APN; or not finding out about the Settlement Opportunity before 30 June 2015, could be detrimental to your case.

If you like this post, please like or share!