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UK Publishes Draft Guidance on Penalties for Enablers of Tax Avoidance Schemes

|Proposed Changes|United Kingdom
United Kingdom

On 20 October 2017, UK HMRC published draft guidance on new legislation for enablers of defeated tax avoidance schemes. The legislation essentially provides that a person is liable for a penalty when the abusive arrangements they have enabled are defeated (tax advantage counteracted by HMRC). For this purpose, a person who has enabled abusive tax arrangements is defined as a person who:

  • Is a …

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