Guidance
Ten things that people promoting tax avoidance schemes will not always tell you
Find a list of ten things that promoters of tax avoidance schemes will not tell you.
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Details
This document explains what you need to know that a promoter will not tell you:
- most tax avoidance schemes do not work
- it could cost you more than you expected
- you pay a higher fee or margin for using an avoidance scheme
- you may have significant legal fees to pay
- your scheme is never HMRC approved
- you could be identified as a higher-risk taxpayer
- HMRC is likely to defeat your scheme in court
- the risk is often all your own
- you may have to pay the tax up front anyway
- your promoter may sell your outstanding loan to a third party
Published 1 February 2016
Last updated 27 April 2023 + show all updates
Last updated 27 April 2023 + show all updates
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Information on tax avoidance scheme promotion has been updated to align with new legislation.
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First published.