There is little doubt that HMRC see tax planning and avoidance in a similar light to tax evasion and they are keen to point out that we should all pay “the right amount of tax”. However, establishing a new business as a company for example, rather than as a sole trade or partnership will produce different results, both of which are right.

The same can be true for Disclosed Avoidance Planning, being those techniques and structures which are deliberately designed to minimise exposure to tax, often by generating a corresponding loss or deduction. These will invariably be regarded as avoidance schemes and under current regulations will need to be disclosed to HMRC shortly after they have first been made available for implementation.

We recognise that such arrangements are not suitable for everyone but they can have a place for those with broader attitude to risk.

Whilst we may not actively promote them, through our professional relationships and connections, we have access to most structures that are brought to market. We are happy to provide our clients with an unbiased and impartial view of any arrangement that they may be considering.

Where individuals have previously participated in Disclosed Avoidance Planning, they may not have been fully aware of the HMRC enquiry process and the time that it can take to resolve. We are able to provide you with the support and assistance you need to help bring that enquiry to an end, which can be something that the original developer finds more difficult to do.

Our continual assessment of relevant tax case law also ensures that we have a good understanding of the issues any particular scheme will face and the direction in which the courts may be headed in hearing cases where tax avoidance has been the underlying motive.

Please contact us to speak to one of our advisers regarding potential planning opportunities.