London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Ten things HMRC says you need to know about tax avoidance

HMRC today issued a list of “10 things a tax avoidance scheme promoter won’t always tell you.”

The list sets out HMRC’s view of the risks faced when signing up to a tax avoidance scheme. These include not only the possible monetary costs and reputational damage of tax avoidance, but also a potential criminal conviction.

HMRC’s list of 10 things a promoter won’t always tell you are:

1. Most schemes don’t work.

2. It could cost you more than you bargained for.

3. You may have significant legal fees to pay,

4. You could face criminal conviction; if you deliberately mislead or conceal information from HMRC you could be prosecuted and convicted.

5. You could face publicity as a tax avoider

6. Your scheme is never HMRC approved.

7. You could be marked out as a high-risk taxpayer.

8. HMRC is likely to beat your scheme in court.

9. The risk is normally all your own.

10. You’ll have to pay the tax up front anyway.

I should point out these are HMRC’s published views, not necessarily mine.



Date: 27th November, 2014
Author: Cathy Corns


Articles from this Author

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

25th October, 2017
R&D changes see 22% increase in claims by SMEs

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Disruption in distribution click on the link to read how Corporate Advisory Partner, Henry……

Vendor assistance and vendor due diligence click on the link to read Corporate Finance Dire……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn