Skip to Content

Accelerate payment for Tax avoiders.

New measures unveiled in the Queen's Speech (June 2014) will force those suspected of using tax avoidance schemes to pay tax up front.

HMRC will have the power to implement the new forward payment rules under the proposed changes, which some have said will treat people as being 'guilty until proven innocent', despite the chancellor offering compassion by stating that if people feel they have been wronged they can go to court and, if successful, they will receive their money back with interest, a situation we suspect will not be exploited by many once they have had to pay their tax up front!.

Tax avoidance schemes have received much publicity since Jimmy Carr and more recently Take That were linked with them, but the Treasury estimate that around 65,000 people may be caught under the new proposals that could raise around £2 billion, or £31,000 tax per case! Recession - what recession?

The most contentious part of the new rules is for those affected to include 'legacy stock' which means that those who have 'abused the system' in the past will be forced to pay.

Those using these schemes will be forced to pay whilst a decision is made on the legality of a scheme.

Tax avoidance 2014

Image Description
related news
recent articles
Probate Fees

Changes in probate fees.
From May 2017 probate fees are set to d..

link

Contentious Probate

Contentious Probate Guide, talking to a solicitor can help you understand your rights if probate is contested...

Appointing a Solicitor

Guide to some of the factors people use when appointing a Solicitor...

Transferring personal allowances.

Transferring personal allowances for Inheritance Tax - understand your rights on IHT planning...

Trusts Guide

Many people use a trust to reduce inheritance tax, if you put an ..

link

Intestate

If someone has died intestate you may need a probate solicitor to help deal with the estate, this guide helps explain the steps needed...

Lasting Power of Attorney

Guide to Lasting Powers of Attorney.- If you are looking to appoint a solicitor to arrange a Power of Attorney this guide can help you understand how they work...

Protecting your on-line memories

Protecting your on-line memories - In a recent survey over 2,000 people were asked what they think happens to digital images on Facebook if a user passes away, ..

Help to buy ISAs

Help to buy ISAs - The new, 'Help to buy', ISA is designed to hel..

link

Trusts Guide

Many people use a trust to reduce inheritance tax, if you put an asset into a trust you no longer own it, so depending on when you die your beneficiaries may no..

Tax Law Solicitors | Solicitors.com

Details of the services provided by Tax Law Solicitors...

Probate Fees

Changes in probate fees.
From May 2017 probate fees are set to dramatically increase.
The new fees are based on the size of the estate and are in addition to ..

Image Description
Is there anything wrong with this page? - any amendments will receive accreditation - email us

Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.

Information by area of law
Back to top