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Tax Avoidance Schemes

Treasury written question – answered on 29th June 2005.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Chancellor of the Exchequer

(1) how many tax avoidance schemes have been withdrawn or otherwise ceased to operate since legislation was brought into force requiring sellers to secure prior clearance from his Department;

(2) if he will bring forward legislation to require (a) providers and (b) purchasers of tax avoidance schemes to provide a complete inventory of their schemes to his Department.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The Government are committed to protect the tax system against tax avoidance when and where necessary, ensuring that all taxpayers pay their fair share, and protecting revenues for essential public services. The disclosure rules for direct tax and VAT are a success, informing a number of anti-avoidance measures in the summer Finance Bill.

However, the disclosure rules do not require promoters of schemes to notify HMRC if a tax avoidance scheme has been withdrawn or otherwise ceased, so this information is unavailable.

The Government continue to keep the disclosure rules under review, and will bring forward any further proposals at the appropriate time.

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