HMRC invites settlement from contractors who used offshore loan schemes | Practical Law

HMRC invites settlement from contractors who used offshore loan schemes | Practical Law

On 24 July 2014, HMRC invited contractors who avoided tax through foreign currency loan schemes to enter into a settlement agreement by January 2015 or face penalties and litigation costs.

HMRC invites settlement from contractors who used offshore loan schemes

Practical Law UK Legal Update 2-576-0485 (Approx. 3 pages)

HMRC invites settlement from contractors who used offshore loan schemes

Published on 28 Jul 2014United Kingdom
On 24 July 2014, HMRC invited contractors who avoided tax through foreign currency loan schemes to enter into a settlement agreement by January 2015 or face penalties and litigation costs.