HMRC have published a response to their consultation earlier this year on ‘Strengthening Tax Avoidance Sanctions and Deterrents'.
They confirm that:
- Penalties will apply to abusive schemes defeated by HMRC.
- A 100% fee based penalty will be imposed on everyone in the supply chain.
- Penalties will apply to advice provided or actions taken after Royal Assent to the Finance Bill 2017.
- The defence of taking reasonable care will be removed for those who rely upon non-independent advice.
Legislation will be included in the Finance Bill 2017.
See Penalties for enablers of tax avoidance
Links
Consultation document: Strengthening Tax Avoidance Sanctions and Deterrents: A discussion document
