VATupdate

Share this post on

HMRC Guidance: Joint and several liability notices and penalties for facilitating tax avoidance or tax evasion

When HMRC will issue a joint and several liability notice to someone connected to a company that has received a tax avoidance or tax evasion penalty and the company has started, or is likely to start, insolvency.

There are a number of penalties that may be charged on those who promote, enable or facilitate tax avoidance by others.

The legislation will stop those who try to use insolvency as a way to avoid paying these types of penalties.

Source gov.uk

Sponsors:

VAT news

Advertisements: