I am completing this and wondering if I should say YES to being part of a tax avoidance scheme?
How do I know if I am required to disclose what money I have coming in?
HMRC says:
Tax avoidance schemes
If you were party to one or more tax avoidance schemes, please select 'Yes' from the drop-down menu otherwise, select 'No'.
If you have used a scheme or arrangement to obtain tax advantage that you are required to disclose and you:
have been issued with a scheme reference number in 2012-13, or
expect to receive a tax advantage from the scheme or arrangement in 2012-13 or in a period covered by a future return,
How do I know what I need to disclose? And no, I do not have a scheme reference number.
I still have no clear idea of what they mean by "tax avoidance". To me it simply means using HMRC's own rules to avoid paying any more tax that I absolutely have to pay. The same as I might deliberately
travel on an inconvenient time or day in order to take advantage of the cheapest fares of an airline, railway or ferry.
Something you would no doubt regard as unethical fare-avoidance.
Any pointers, guys?
Thanks
How do I know if I am required to disclose what money I have coming in?
HMRC says:
Tax avoidance schemes
If you were party to one or more tax avoidance schemes, please select 'Yes' from the drop-down menu otherwise, select 'No'.
If you have used a scheme or arrangement to obtain tax advantage that you are required to disclose and you:
have been issued with a scheme reference number in 2012-13, or
expect to receive a tax advantage from the scheme or arrangement in 2012-13 or in a period covered by a future return,
How do I know what I need to disclose? And no, I do not have a scheme reference number.
I still have no clear idea of what they mean by "tax avoidance". To me it simply means using HMRC's own rules to avoid paying any more tax that I absolutely have to pay. The same as I might deliberately
travel on an inconvenient time or day in order to take advantage of the cheapest fares of an airline, railway or ferry.
Something you would no doubt regard as unethical fare-avoidance.
Any pointers, guys?
Thanks
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