«Raising the stakes on tax
avoidance», a consultation document published by HM Revenue and Customs, sets out a number of proposals relating to the promotion and use of so - called high - risk
avoidance schemes, aimed at reducing the use of such
schemes.1 Commenting, CIOT President Stephen Coleclough said: «Those members of the
public who become end users of high risk
avoidance schemes are sometimes misled by the promoters of such
schemes and are not fully made aware of the risks or consequences of their decisions.
The Third Circuit Court of Appeals agreed with the Appellate Practice Group that the benefit plans were sophisticated tax -
avoidance schemes marketed to certain types of businesses, and not the general
public.