Regulators

APSCo welcomes HMRC tax avoidance consultation results

The body has claimed that it is ‘pleased’ to see that HMRC will carry through with its proposed clamping down on promoters of tax avoidance

The Association of Professional Staffing Companies (APSCo) has welcomed HMRC’s tax avoidance consultation results.

The body has claimed that it is “pleased” to see that HMRC will carry through with its proposed clamping down on promoters of tax avoidance.

Under next year’s finance bill, HMRC is set to freeze assets and wind up businesses that are facilitating offshore tax schemes.

In response, Tania Bowers, legal counsel and head of public policy at APSCo, said: “Our hope is that this will have a long-term positive impact on the recruitment sector, with the legislation finally enabling HMRC to publicly name promoters that they are investigating. 

“There’s long been an issue with transparency on HMRC enforcement activity. Addressing this will enable greater clarification for end clients and those impacted by tax avoidance schemes regarding what is and isn’t compliant.”

She added: “We’re pleased that HMRC continues to raise awareness of their guidance to taxpayers on the existence of and risks associated with these schemes through multiple resources so that workers don’t unwittingly enter disguised remuneration schemes.”

The news follows recent research conducted by UHY Hacker Young that claimed the tax body is turning its focus “back to tax investigations” following a “temporary relocation of its resources” during the pandemic.

Back to top button