The tax authority has reiterated that it will “pursue anyone who designs, promotes, sells or otherwise enables others to use these arrangements”.
This includes levying an enabler penalty on those who allow the use of these arrangements, which are “later defeated by HMRC”.
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According to HMRC, this penalty is “equal to the total amount, or value, of your ‘relevant consideration’ for enabling the arrangements”, with considerations including fees or commission, for example.
amy.austin@ft.com
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