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UK Issues Consultation on New Penalties for Tax Avoidance Enablers and Strengthening Taxpayer Inaccuracy Penalties

|Proposed Changes|United Kingdom
United Kingdom

On 17 August 2016, UK HMRC issued a consultation document paper seeking input on new penalties for enablers of tax avoidance. The new penalty would be up to 100% of the underpaid tax resulting from a taxpayer's use of an avoidance scheme. The penalty would apply for accountants, lawyers, tax planners and others who design, market or facilitate the use of tax avoidance arrangements that are defe…

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