HMRC has got themselves a nice new piece of legislation to play with that will have a huge impact for people who are involved in promoting dodgy schemes. In particular, it means that someone who is a director, shadow director, shareholder or (directly or indirectly) involved in the management of the company can be jointly and severally liable for all of the tax and penalties that the company owes.
It's not retrospective (and so isn't an April 2019 loan charge issue for people with their own companies) but it does mean that if HMRC knows of a company (with £17 of net assets) hits it with "a penalty of nearly £6m" then each of those people will be on the hook. That's got to be quite a disincentive.
, but as for acting fast, who knows! 
It's not retrospective (and so isn't an April 2019 loan charge issue for people with their own companies) but it does mean that if HMRC knows of a company (with £17 of net assets) hits it with "a penalty of nearly £6m" then each of those people will be on the hook. That's got to be quite a disincentive.
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