Sentences with phrase «avoidance schemes pay»

At present, those who sign up to tax avoidance schemes pay what they think they can get away with, and then it is up to HMRC to claw the full amount back through the courts — which can take years.

Not exact matches

Rather than pay his taxes like every other American Citizen, Mr. Romney created a legendary tax avoidance scheme to hide his profits from the country that made all of his success possible.

The focus of the report was the sale of «boutique» tax avoidance schemes which exploit loopholes in the tax law to reduce the amount the client pays.

A key objective of tax avoidance schemes is to report higher profits and boost performance related executive pay.

The consultation, published today by HM Revenue & Customs, says that advisers — including lawyers, banks and accountancy companies — whose tax avoidance schemes are defeated in court may have to pay up to 100 % of the tax avoided in fines.

The Court ruled that the scheme was a tax avoidance arrangement and commented in particular on the risk that the scheme would never be a profitable one, the gratuitous use of the promissory note mechanism and the timing mismatch between when expenditure was legally incurred and the point when it was required to be paid «in an economic sense».

Bills to allow citizens to pay taxes in bitcoin have been proposed, leading to a possible surreal transition of Bitcoin from a tax - avoidance scheme to a tamper - proof means to force citizens to pay taxes.