HMRC’s Tax Avoidance and Non-Compliant Umbrellas List Nears 100

What is the List of Known Tax Avoidance Schemes and Non-Compliant Umbrellas?

The list of known tax avoidance schemes and non-compliant umbrellas is a collection of schemes and organisations that have been identified by HMRC as being involved in tax avoidance or non-compliance with employment tax law.

 

Why is the List Important?

The list is important because it helps taxpayers to avoid getting involved in tax avoidance schemes and non-compliant umbrellas. By being aware of the schemes and organisations that are on the list, taxpayers can make informed decisions about who they work with.

What are the Consequences of Using a Scheme or Organisation on the List?

The consequences of using a scheme or organisation on the list can be severe. Taxpayers could be liable for additional tax, interest and penalties. They could also be prosecuted for tax evasion.

How Can I Check if a Scheme or Organisation is on the List?

You can check if a scheme or organisation is on the list by visiting the HMRC website. The list is updated regularly, so it is important to check it before you enter into any new arrangements.

What Should I Do if I am Using a Scheme or Organisation on the List?

If you are using a scheme or organisation that is on the list, you should contact HMRC immediately. HMRC will be able to advise you on the next steps to take.

Conclusion

The list of known tax avoidance schemes and non-compliant umbrellas is an important tool for taxpayers. By being aware of the schemes and organisations that are on the list, taxpayers can avoid getting involved in tax avoidance or non-compliance.