{"id":59,"date":"2016-09-14T00:00:00","date_gmt":"2016-09-13T23:00:00","guid":{"rendered":"http:\/\/duffyregan.wpengine.com\/index.php\/2016\/09\/14\/taxman-safeguards-billions-of-tax-payments\/"},"modified":"2016-09-14T00:00:00","modified_gmt":"2016-09-13T23:00:00","slug":"taxman-safeguards-billions-of-tax-payments","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2016\/09\/14\/taxman-safeguards-billions-of-tax-payments\/","title":{"rendered":"Taxman safeguards billions of tax payments"},"content":{"rendered":"<p>\n\tThe Financial Secretary to the Treasury, Jane Ellison MP, announced last week that HMRC has collected &pound;3 billion up-front from tax avoiders. The move continues the government clampdown on tax avoidance following last month&rsquo;s announcement that enablers of tax avoidance will face tough new sanctions.<o:p><\/o:p><\/p>\n<p>\n\tThe 60,000 accelerated payment notices (APNs) issued since the new rules were introduced in 2014, have required tax avoidance scheme users to pay up &pound;3 billion of disputed tax upfront while their tax affairs are investigated by HMRC.<o:p><\/o:p><\/p>\n<p>\n\tUnder the scheme, which removes the economic advantage of taking part in tax avoidance, a taxpayer with an outstanding tax bill has 90 days once an APN is received to pay up or make representation to HMRC if they consider the notice incorrect.<o:p><\/o:p><\/p>\n<p>\n\tSpeaking at HMRC&rsquo;s stakeholder conference today the Financial Secretary said:<o:p><\/o:p><\/p>\n<p>\n\t<i>I&rsquo;m delighted to announce that we&rsquo;ve collected &pound;3 billion upfront since 2014 from people using avoidance schemes as HMRC puts its new powers to use.<o:p><\/o:p><\/i><\/p>\n<p class=\"last-child\">\n\t<i>The vast majority of avoidance schemes just don&rsquo;t work. We&rsquo;re determined to change the economics of tax avoidance by making it harder for the dishonest minority to cheat the system &#8211; collecting disputed tax upfront and tough new sanctions for enablers of tax avoidance will mean people will think twice.<o:p><\/o:p><\/i><\/p>\n<p>\n\tHMRC has successfully defended the accelerated payment rules in five out of five Judicial Review challenges. With HMRC winning almost 90% of avoidance litigation cases brought against it, the vast majority of individuals choose to settle their tax bill rather than entering into lengthy and costly litigation.<o:p><\/o:p><\/p>\n<p>\n\tIn the latest High Court ruling brought by tax avoidance scheme users, HMRC&rsquo;s decision to issue APNs on a scheme that companies had used to try to reduce their tax bill was challenged by arguing that the tax authority hadn&rsquo;t properly arrived at the amounts included in the APNs. The Court ruled in HMRC&rsquo;s favour. This decision means that an estimated &pound;28 million in disputed tax will be protected.<o:p><\/o:p><\/p>\n<p>\n\tThis year has seen HMRC win several large scale tax avoidance cases, including a win against Eclipse 35 worth &pound;635 million.<o:p><\/o:p><\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>The Financial Secretary to the Treasury, Jane Ellison MP, announced last week that HMRC has collected &pound;3 billion up-front from tax avoiders. The move continues the government clampdown on tax avoidance following last month&rsquo;s announcement that enablers of tax avoidance will face tough new sanctions. The 60,000 accelerated payment notices (APNs) issued since the new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/59","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=59"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/59\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=59"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=59"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}