Challenging tax avoidance

Taxing Matters

The tax gap refers to the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. To help narrow this gap, HMRC has been granted a number of powers over the years, including those aimed at tackling tax avoidance.

The Finance Act 2022 provided HMRC with additional powers to enable it to proactively clamp down on promoters of tax avoidance schemes, challenge misleading information and 'name and shame' connected individuals.

In this episode we ask Danielle Ford, Head of Tax Disputes & Resolutions at haysmacintyre, how HMRC will use these new powers, the key issues that may arise and the impact they could have.

References

· Measuring tax gaps 2021

· Rise in HMRC demands for information from professional services firms on suspected tax evading clients

· Tax fraud: The rise of the professional enabler

· Unpaid taxes: the ‘tax gap’

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