Retrospective measures are defined too broadly and could ensnare legal advisers, warn experts
New government proposals designed to strengthen sanctions against enablers of tax avoidance are a 'fanciful scheme' that 'goes too far', according to lawyers that fear the disproportionate measures could be applied retrospectively.
In an effort to address an estimated £3bn a year loss to the Treasury, the government intends to introduce heavy penalties for any organisation or professional that creates tax avoidance schemes.
Under the proposals, banks, accountants, financial advisers, and lawyers would be charged u...
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