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HMRC highlights failed avoidance

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A new section of the Spotlights page features schemes where taxpayers ‘have conceded and paid the tax they had tried to avoid,’ HMRC announced.

Highlighting failed VAT avoidance, HMRC said taxpayers had paid the disputed tax in relation to artificial leasing (Spotlight 2); ‘abusive’ off-shoring of financial structures; and avoidance on promotional vouchers issued with sales of services or goods.