As reported on
In recovering professionally protected tax revenue, the latter has evidently been deemed illegal when applied too aggressively. Should HMRC do more to clarify the separation between the two closely-knit worlds of tax evasion and tax avoidance? Despite widespread accusations of "moving the goal posts" to suit the taxman's needs and causing unnecessary hardship for less affluent investors, HMRC remain resolute.
A secondary problem faced by lesser known celebrities is the fact that these tax demands must be repaid up-front, before any appeal or legal wrangling can ensue. Controversially, any wrongfully targeted parties cleared of wrongdoing must wait for their reimbursement, but any refunds are usually swallowed up when paying for court costs that were never intended to be undertaken in the first place.
David Retikin, Director of Operations at leading investment specialist
"The Liberty scheme is quickly becoming one of the most publicised tax avoidance tools in recent history. Finding an established company that's operated for years is no longer enough for individuals to safeguard their investments and because nobody's really sure where the passive/aggressive tax avoidance line has been drawn, fears are mounting. HMRC have always been keen to keep all taxpayers mindful of their dues and targeting large schemes is one such measure to bring this point to the fore. Finding the most tax-effective savings and investments vehicles is critical when managing tax liability and increasing the final value of assets and investments."
Many Online news outlets including C4 have been awash with reports that list
Prospective investors should bear in mind the following: Don't sign what you don't understand and if the incentive seems incredible, it probably is. Akin to HMRC decision-making, markets can change overnight. A host of proven, tax-friendly investment products are available, so for those who don't know a QROPS from a
Read the full story at http://www.prweb.com/releases/2014/08/prweb12072768.htm
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