HMRC have published details about Stop Notices ordering struck-off solicitor and former barrister Paul Baxendale-Walker to stop promoting two tax avoidance schemes. HMRC said this is the first time such notices have been issued to a named individual.
HMRC consider both schemes to involve artificial arrangements including the use of offshore trusts designed to claim tax deductions without genuine business purpose.
Tom Wallace Director at WTT observed that the same schemes were already covered under earlier notices 14 and 34. ‘There’s no question that curbing tax avoidance is critical. But if repeat notices are required for the same schemes we must ask: are the current tools effective or are we celebrating failure with a new coat of PR paint?’ he said.
As of 15 May 2025 HMRC have published the arrangements of 155 tax avoidance schemes named 150 promoters including 32...
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HMRC have published details about Stop Notices ordering struck-off solicitor and former barrister Paul Baxendale-Walker to stop promoting two tax avoidance schemes. HMRC said this is the first time such notices have been issued to a named individual.
HMRC consider both schemes to involve artificial arrangements including the use of offshore trusts designed to claim tax deductions without genuine business purpose.
Tom Wallace Director at WTT observed that the same schemes were already covered under earlier notices 14 and 34. ‘There’s no question that curbing tax avoidance is critical. But if repeat notices are required for the same schemes we must ask: are the current tools effective or are we celebrating failure with a new coat of PR paint?’ he said.
As of 15 May 2025 HMRC have published the arrangements of 155 tax avoidance schemes named 150 promoters including 32...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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