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Gunpowder, treason and plot

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Enterprise investment schemes could be HMRC’s next anti-avoidance target

KEY POINTS

  • Has the government made it too safe to invest in an enterprise investment scheme company?
  • Many of the enterprise investment schemes being sold do not appear to be high risk or unproven companies.
  • Beware schemes that say they have received advance approval from HMRC.
  • The recent consultation is a lost opportunity to tighten up the rules and focus the relief on the companies intended to benefit.

In a few weeks the skies around you will be filled with dazzling lights impressive explosions and riots of colour. All the finest firework displays are the product of careful planning aerial choreography and best enjoyed from a safe distance.

While the eye and the ear are distracted those responsible do their jobs quietly hidden from view but with transparent results.

The...

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