No, this is not a guide from HMRC on how to avoid tax, find out what it is about.
It is giving guidance on:
What tax avoidance is,
what can happen to if someone enters into a tax avoidance scheme, and How to get help to settle their tax affairs.But, it goes further in advising the warning signs of tax avoidance schemes which includes:
It sounds too good to be true - It probably is. Some schemes promise to lower tax bills for little or no real cost. They will say there is no further requirement than paying the scheme promoter and sign some papers. Pay in the form of loans - Some schemes designed for contractors involve giving some or all of the individual’s payment in the form of a loan that is not expected to pay back. It’s diverted through a chain of companies, trusts or partnerships and the individual will be told this is to save tax. Huge benefits - The benefits of the scheme seem out of proportion to the money being generated or the cost of the scheme to the individual. The scheme promoter will claim there’s very little risk to the investment. Round in circles - The scheme involves money going around in a circle back to where it started, or some similar artificial arrangement.The full guidance can be found here.
