Sentences with phrase «avoidance schemes which»

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.

«Jimmy Carr and his K2 tax - minimising cohorts have attracted their share of detractors for using a tax - avoidance scheme which reduced the amount payable on their income to about 2 %.

Not exact matches

Seven professional bodies work together to maintain and update Professional Conduct in Relation to Taxation (PCRT), which seeks to govern the conduct of tax professionals in the context of the «tripartite relationship» between the tax adviser, their client or employer, and HMRC.2 John Cullinane said: «We believe the PCRT Standards for Tax Planning make it clear to any of the small minority of tax professionals who are tempted to facilitate and promote tax avoidance schemes that this behaviour is not acceptable.

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.

In doing so, they often incur the wrath of the Canada Revenue Agency, which wants to collect as much tax as it can and views fancy tax avoidance schemes with deep suspicion.

HMRC is taking an increasingly aggressive approach to tax recovery, which is especially evident in relation to tax avoidance schemes, with challenges raised on a regular basis.

I did my finals at Alexandra Palace and while the pigeons took aim at my tax paper, I was commenting on IRC v Ramsay (then between the Court of Appeal and the Lords), leading to the seminal decision of the House of Lords in 1981 in relation to tax avoidance schemes and upon the rocks of which many a tax avoidance scheme has since been wrecked (see [1982] AC 300, [1981] 1 All ER 865).

He has acted for the liquidator in Edennote v Terry Venables; successfully resisted the winding - up of Stock, Aiken & Waterman; acted for the preference shareholders in the Barings dispute; advises on claims involving the transaction avoidance provisions of the Insolvency Act; appeared in Edward Klempka: In Re Parkside — important authority on the question of what amounts to a preference when dealing with common directorships; acted for the Cayman Islands» appointed SPC Receiver in the # 100m Axiom LItigiation Funding Fraud case which involved the first case of a SPC Receiver being recognised under the Cross-Border Insolvency Regulations 2006; has recently advised on several schemes of arrangement; regularly advises on recovery of assets in an insolvency context using the transaction avoidance rules.

Scheme promoters are reported to be designing schemes which escape the DOTAS (Disclosure of Tax Avoidance Schemes) rules, which could restrict HMRC serving accelerated payment notices on invschemes which escape the DOTAS (Disclosure of Tax Avoidance Schemes) rules, which could restrict HMRC serving accelerated payment notices on invSchemes) rules, which could restrict HMRC serving accelerated payment notices on investors.

Though saying that, aggressive tax avoidance is a grey area, and HMRC have originated criminal prosecutions, in relation to film tax schemes for example, which one would have assumed to fall within the remit of tax avoidance.

Representing company directors in Tax Tribunal where HMRC seek penalties in respect of a declared tax avoidance scheme, which failed.

This inequality of treatment is unfair and encourages confusion, tax abuse and avoidance schemes — all of which are detrimental to the recruitment industry.