Originally posted by ASB
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Many schemes have to be declared on your tax return via a Scheme Reference Number. It is almost automatic these days that the presence of an SRN triggers an enquiry.
HMRC have new powers to request lists of users from promoters so even if the scheme isn't disclosed on your return (eg. because it's a loan thingy) you are still likely to be investigated.
http://www.hmrc.gov.uk/aiu/guidance-august-2011.pdf
I think anyone who uses a scheme should forget the idea of staying under HMRC's radar.
It's what happens after you get investigated that counts and the more you spread the risk around different arrangements the less chance you've got of losing everything.
I stand by my advice: don't bet the farm on a single scheme.
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