HMRC has released a corporate report identifying specific tax avoidance schemes alongside the promoters, enablers and suppliers involved in marketing and facilitating them. The report aims to increase transparency regarding schemes that attempt to exploit tax legislation, helping businesses and their advisors recognise potentially non-compliant arrangements. This disclosure supports HMRC’s wider compliance efforts and provides the business community with intelligence on schemes of concern to tax authorities.
Source: HMRC (GOV.UK) – Read the original