The new Government proposals aiming to crack down on tax avoidance will include warnings to inform taxpayers when they are being mis-sold schemes by less reputable promoters.
Treasury Minister David Gauke said the overall changes would bring the response to tax avoidance up to date in the wake of new schemes that had outfoxed officials.
– David Gauke
The Disclosure of Tax Avoidance Schemes regime (DOTAS) has assisted HMRC greatly over the years, closing off around £12.5bn in avoidance opportunities.
But as the avoidance landscape changes, so must it.
The major reforms to the system we consult on today can .... place DOTAS once again at the forefront of anti avoidance measures globally.