Dinahmo
Whitewavemark2
As an aside.
Accountancy partnership, particularly the biggest ones, put huge resources into devising tax avoidance schemes that would be accepted by the revenue.
Once it is accepted they can flog this scheme to anyone who would benefit at enormous cost.You can't blame the accountants though. They are doing what is within the law. The laws need to be changed but with the current wealthy front benchers that isn't going to happen.
Of course you can
Type of behaviour You told HMRC HMRC found the error
('unprompted disclosure') ('prompted behaviour')
Reasonable care No penalty No penalty
Careless 0% to 30% 15% to 30%
Deliberate 20% to 70% 35% to 70%
Deliberate and concealed 30% to 100% 50% to 100%
that is not legal tax 'avoidance' and the accountants know it well.


