Originally posted by WavyDavy
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HMRC's view is that those who instituted PSC bans did so because that fit the working practices. In other words, in their view everyone at those places should have been inside. Therefore, there is retrospective risk.
Second, for a bank that has (deservedly) received so much bad press and wants to rebuild their reputation, they want to be able to say, "The reforms brought to our attention that there might be some inappropriate tax avoidance going on among those who work with RBS. We don't want to facilitate that, so we won't be working with PSCs anymore." It's a big political win for them even if the 'reform' has been rolled back.
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