There has always been a (sometimes thin) dividing line between tax avoidance (legal, working within the rules) and tax evasion (illegal, not paying, breaking the rules). HMRC doesn’t like either, of course, and as soon as some accountancy firm or barrister finds a hole in the law, they rush to plug it. It’s not good enough, though, to say that ‘avoidance’ is not fair or ‘within the spirit of the legislation’. There are plenty of things both they, and those who make and vote on tax laws, do which might not seem fair. Haven’t we been told that many MPs’ activities don’t actually break any rules…?
“IHT to be ‘battleground policy’ in general election as receipts continue to grow”
Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and potentially, a ‘battleground policy’ as the election looms.
