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First wave of APNs secure £32m

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HMRC has said it has secured ‘almost all’ of the disputed tax due from the first group of tax avoidance scheme users to receive accelerated payment notices.

‘About 30 scheme users were told in late August they had 90 days to pay a total of around £29m of disputed tax upfront under the new accelerated payments regime. Over 99% of this money was paid within the deadline,’ the department said. ‘Taking into account payments received from those who have not yet passed the 90 day payment deadline, HMRC has received £32m in disputed tax to date.’

Financial secretary David Gauke said: ‘As we move into 2015 and HMRC ramps up the number of notices it sends out, thousands more will get the message that accelerated payments has changed the economics of tax avoidance.’