22 November 2007
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A consultation paper proposes changes to the tax avoidance disclosure regime to improve the identification of users of disclosed schemes
HMRC's Anti-Avoidance Group believes that there are some weaknesses in the scheme reference number system, including that:
- the user of a scheme disclosed by a promoter does not receive an SRN; or
- a user who has been issued with a number does not report its issue to HMRC.
The consultation paper, 'Disclosure of tax avoidance schemes: improving the scheme reference system', can be found at www.hmrc.gov.uk and comments should be sent by 12 February 2008 to Philippa.Staples@hmrc.gsi.gov.uk.
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