Tax dodge hitlist: HMRC reveals avoidance schemes it has in its sights

A list of tax avoidance schemes whose users may be required to make an upfront payment of tax has been published by HM Revenue & Customs (HMRC).

HMRC said the list of scheme reference numbers - which those who use the schemes will recognise - is being published to help avoidance scheme users and their advisers prepare for ‘accelerated payments'. The Finance Bill, which is due to receive Royal Assent later this month, gives HMRC a new power to collect accelerated payments, meaning users of schemes with a reference number on the list may receive a notice to make an upfront payment of tax. The list can be found HERE. > Read: All the latest tax news < Before issuing anyone with an accelerated payment notice, HMRC will write t...