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The boundaries of acceptable tax planning

06 May 2020 / Rob Durrant-Walker
Issue: 4742 / Categories: Comment & Analysis
Avoiding avoidance

Key points

  • Staying on the right side of the line between planning and avoidance.
  • HMRC has endorsed the PCRT guidance.
  • Trying to understand the intention of parliament when legislation is unclear.
  • HMRC is planning to tackle the remaining promoters of mass-marketed avoidance schemes.
  • After research into professional bodies’ regulation of agents HMRC is calling for evidence on agent standards.
  • Extent of agents’ duty to advise clients of possible planning opportunities.

The tax landscape and society has shifted significantly – since 2008 in particular – in its attitude towards where tax avoidance sits on the moral barometer between legitimate planning and dodgy. Where are the dividing lines (see Grading Tax Behaviours)? We would like to think we can recognise through the elephant test what is...

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