Spring Statement: crackdown on tax advisers with £3k daily fines

Any tax advisers HMRC suspects of breaching tax rules by clients are going to come under increased scrutiny with proposals to issue fines of up £3,000 a day and new liability for firms

The Spring Statement, presented by the chancellor Rachel Reeves, set out proposals to strengthen HMRC’s ability to take action against tax advisers who facilitate non-compliance from their clients, with a draconian set of fines and moves to hold firms liable for individual’s actions.

The proposals will give HMRC more powers to deal with non-compliance facilitated by tax advisers and are only out for consultation for six weeks before the Treasury decides their next steps.

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