HMRC’s counter avoidance directorate collected £92m from investigations targeting SDLT avoidance schemes during 2015/16, according to law firm Collyer Bristow. This is down from the £301.2m collected over the previous year. Collyer Bristow suggests that the fall indicates that HMRC’s work in this area is beginning to deter users of these schemes. James Badcock, partner at Collyer Bristow, commented: ‘The government has closed many of the loopholes which made SDLT avoidance schemes plausible. Their efforts are reflected in the sharp fall in extra tax collected through investigations.’
HMRC’s counter avoidance directorate collected £92m from investigations targeting SDLT avoidance schemes during 2015/16, according to law firm Collyer Bristow. This is down from the £301.2m collected over the previous year. Collyer Bristow suggests that the fall indicates that HMRC’s work in this area is beginning to deter users of these schemes. James Badcock, partner at Collyer Bristow, commented: ‘The government has closed many of the loopholes which made SDLT avoidance schemes plausible. Their efforts are reflected in the sharp fall in extra tax collected through investigations.’
