An important reminder that not all tax avoidance schemes are directed at the super wealthy.
HMRC's recent report on marketed schemes shows us that scheme promoters are focusing on 'middle-income' earners and employment-based schemes.
As we all look to recover from the economic impacts of the pandemic, it is critical that taxpayers take specialist advice before accepting any guarantees of a tax saving at face value.
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In a report on the use of marketed tax avoidance schemes, the tax authority’s director for counter-avoidance, Mary Aiston, said the market had “decisively shifted” towards employment-based avoidance schemes aimed at middle-income earners, including contractors and agency workers.
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