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HMRC has added two new entries to its 'Spotlights' which are notifications of schemes which HMRC considers ineffective and which it therefore advises taxpayers not to take part in. The entries read as follows.
'Spotlights 5 and 6
'Customers their advisers and promoters should be aware that we consider the following two tax avoidance schemes to be ineffective. This means that we will most likely investigate tax returns where these schemes have been used and seek full settlement of the tax due plus interest and penalties where appropriate. You should also be aware that...

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