'Aggressive' tax avoidance scheme in HMRC's sights

clock

HMRC has said it will pursue users and promoters of an "aggressive" tax avoidance scheme run by high flying recruitment business Anderson Group.

The scheme, uncovered by the BBC, exploits the government's Employment Allowance, and if not stopped could deprive the Treasury of tens of millions of pounds of National Insurance payments. Anderson Group said all of its services are fully compliant with UK tax laws. It denied it is promoting the scheme tax experts have branded "aggressive" and said it is a product being offered by one of its clients. Anderson Group, which calls itself the UK's "leading provider of support services to the recruitment industry" has hundreds of agencies and thousands of contractors on its books. T...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

St James's Place results lay bare cost and charging challenges against market tumult

St James's Place results lay bare cost and charging challenges against market tumult

'Structural opportunity' for advice industry

Hope Coumbe
clock 28 February 2024 • 3 min read
SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
M&G launches full PruFund range on Wealth platform

M&G launches full PruFund range on Wealth platform

‘Greater flexibility and wider choice’

Valeria Martinez
clock 22 May 2023 • 1 min read
Trustpilot