Guidance: Ten things that people promoting tax avoidance schemes won’t always tell you

This document explains what you need to know that a promoter won’t tell you:

• Most tax avoidance schemes do not work
• It could cost you more than you expected
• You pay a higher fee or margin for using an avoidance scheme
• You may have significant legal fees to pay
• Your scheme is never HMRC approved
• You could be identified as a higher-risk taxpayer
• HMRC is likely to defeat your scheme in court
• The risk is often all your own
• You may have to pay the tax up front anyway
• Your promoter may sell your outstanding loan to a third party