PII lawyer warns advisers over tax avoidance schemes

Solicitor at commercial claims resolution firm Triton Global, James Field, said acting late could mean advisers risk "falling between the cracks" of insurance coverage. HMRC has cracked down on a number of tax avoidance schemes in recent years, including film schemes and so-called Enterprise Zone Trusts. New rules allow it to send out ‘acceleration payment notices' in cases that are similar to ones already decided in court, or it when the tax avoidance scheme is covered by HMRC's Disclosure of Tax Avoidance Schemes (DOTAS) rules or the General Anti-Abuse Rule (GAAR). When such a le...