UK GAAP partnerships and sideways loss relief
- HM Revenue & Customs
- Part of:
- Tax avoidance schemes: settlement opportunities for participators and Income Tax
- 16 May 2014
- Last updated:
- 4 August 2015, see all updates
Information about a settlement opportunity for participators in tax avoidance schemes.
HM Revenue and Customs (HMRC) is inviting some participants in certain schemes to settle their tax liabilities by agreement, without the need for legal action. This settlement opportunity offers both the taxpayers and HMRC the best opportunity to resolve these disputes in a way which is cost effective and consistent. Where people decline the settlement opportunity, HMRC will increase the pace of their investigations and move disputes quickly to legal action.
Published: 16 May 2014
Updated: 4 August 2015
- The Settlement Opportunities helpline telephone number has been updated.
- First published.