Government to target accountants and advisers who help clients avoid paying tax in latest crackdown
‘Accountants and tax advisers who help clients avoid paying tax could face hefty fines under the Government’s latest promised clamp down on tax cheats.
HMRC is issuing a consultation document on Wednesday which proposes that advisers who help their clients try to cheat the tax collectors could be fined up to 100 per cent of the underpaid tax.
Currently, it can be very expensive for the person who owes tax when they are defeated in court by HMRC, but the tax planners who advised them to try an illegal tax avoidance scheme run almost no risk. The Government is now proposing to target them in the hope of rooting out tax avoidance schemes.’
Read more: Government to target accountants and advisers who help clients avoid paying tax in latest crackdown
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