Key points
- The attitudes to tax avoidance have changed.
- HMRC has embarked on an effective psychological campaign against tax avoidance.
- Following the introduction of the Professional Conduct in Relation to Taxation practitioners must take account of the wider public interest and consider whether planning arrangements would bring the profession into disrepute.
- Consider the difference between avoidance and evasion.
- HMRC is proactive and aggressive in challenging what it perceives to be ‘unacceptable’ tax planning and that is very much a ‘moveable target.
The subject of tax avoidance is one very much in the minds of both the lay public and politicians. The mantra these days is that everyone should pay their ‘fair share’ of tax and those who practise tax avoidance are looked at askance. It certainly never used to be this way.
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