Corporate report
Issue briefing: Tax avoidance scheme users to make upfront payments
From 17 July 2014, individuals and businesses involved in tax avoidance schemes have to pay HMRC the disputed amount of tax upfront while the dispute is resolved. This new power is called 鈥楢ccelerated Payments.'
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鈥楢ccelerated Payments鈥� has come into force as part of the Finance Act 2014.
Accelerated Payments removes the cash-flow advantage that those who deliberately try to bend the tax rules by avoiding tax currently have over the majority of taxpayers who pay their tax up front. This briefing explains why this new requirement is important and how we will apply Accelerated Payments.
Updates to this page
Published 30 October 2014
Last updated 3 November 2014
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Updated Welsh version - Oct 2014
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Updated 30 October 2014
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First published.
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Added a Welsh version