HMRC warning not to use unfunded pension arrangements

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RWB_Blog_HMRC_Warning_Not_To_Use_Unfunded_Pension_Arrangements

HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and National Insurance contributions. Read our latest article to find out more.. 

Penalties for using this type of scheme

HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using these arrangements and make sure the correct tax is paid.

Users of these arrangements may pay considerable fees to use them yet may still have to repay the tax claimed to be avoided, as well as interest and a penalty. Contact us if you are approached to use such a scheme.

Questions? We can help!

Get in touch with us, let us help you! Our team of tax experts can offer business advice and help you maximise your tax efficiency and general securty regarding pension schemes. Contact our Director, Nick Bonnello, today on 0115 964 8860 or email him at nickb@rwbca.co.uk toutilise your free, 30 minute consultation and find out how we can help you across all areas of your business.

The views provided in this article are for general information purposes only. Nothing in this article represents advice of any nature whatsoever. Accordingly, RWB CA Limited does not accept any liability or responsibility for the information contained in this article or any decision or other action that may be taken in reliance upon the information contained within it. RWB CA Limited accepts no responsibility for any errors of fact or opinion and assumes no obligation to provide you with any changes to its assumptions.  

Tags: Financial planning Taxation Tax advice Tax planning VAT Pension allowance Pension contributions Tax Pension Tax efficient Tax avoidance Pension scheme

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