MP's call to prosecute tax avoidance advisers 'disingenuous' - deVere

clock

Calls for professionals, including financial advisers, lawyers and accountants, who advise on tax avoidance to be prosecuted have been branded "flawed" and "disingenuous" by deVere Group.

The suggestion to prosecute advisers was part of a series of amendments to the Finance Bill tabled by MP for Dover Charlie Elphicke. The amendments would make it illegal to advise clients to actively avoid paying tax.   Elphicke, an ex-tax lawyer, told The Times on Monday: “You shouldn’t just go after the client, you should go after the person who advises them.” Nigel Green, founder and chief executive of deVere Group, said: “For someone who had a career as a tax lawyer, it seems bizarre that Mr Elphicke appears unaware of the differences between tax avoidance, which is perfectly lega...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Advisers see higher client demand as tax changes and rumours cause confusion

Advisers see higher client demand as tax changes and rumours cause confusion

See opportunity to provide ‘much-needed’ clarity

Isabel Baxter
clock 23 April 2025 • 2 min read
HMRC to raise £110m per year by cutting IHT relief on AIM shares

HMRC to raise £110m per year by cutting IHT relief on AIM shares

Will make gifting a more attractive option to investors

Isabel Baxter
clock 22 April 2025 • 2 min read
Advisers worry about pension and IHT changes as clients feel impact

Advisers worry about pension and IHT changes as clients feel impact

Advice landscape has ‘fundamentally shifted’

Isabel Baxter
clock 20 March 2025 • 2 min read