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TSC member calls on HMRC to expose ‘dodgy’ tax advisers

Treasury select committee member Jesse Norman has called on HMRC to publish a league table of tax advisers based on the number of unsuccessful tax schemes they promote.

HMRC has been clamping down on advisers who promote aggressive tax avoidance schemes through initiatives like the Disclosure of Tax Avoidance Schemes programme.

Under the scheme, advisers offering tax planning products from firms labelled “high risk” are forced to abide by new information disclosure rules with the threat of huge fines for non-compliance. 

In an evidence session with HMRC this morning, Conservative MP Jesse Norman said a league table would make it easier for people to identify “dodgy” advisers.

He said: “That would be rather a helpful way of making public people who are sailing close to the wind and those that aren’t.”

HMRC chief executive Lin Homer said the Revenue already publishes which schemes it is concerned about and that by looking at previous announcements it “isn’t very difficult to see where the winds are occurring”.

But Norman said HMRC should go further and create a league table.

He said: “I would very much like you to think about it and write to us with a proposal, or entertain the idea of a league table because people…want to know who are the dodgy ones and who aren’t.”

Homer said she would write to the committee.

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There is one comment at the moment, we would love to hear your opinion too.

  1. correlationstreet 8th July 2014 at 2:44 pm

    Stable door, horse, bolted, closing. The time to create such a list was 10 years ago – where are the forward thinking politicians?

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