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| Quote: It is the fourth consecutive tax ruling against NT Advisors, which also set up the Cup Trust, a charity tax scheme which donated just £55,000 of its £176m income. David Gauke, the exchequer secretary, said: "This case is another example of why taxpayers should not fall for the promises of promoters selling schemes that are all too often too good to be true. Not only will the taxpayer waste money on the fees for these failed schemes, they will still have to pay all the tax, interest and penalties that are due. "This government has provided HMRC with the resources to tackle these avoidance schemes and HMRC will now pursue the other users of the scheme to make sure all the taxes that are due are paid." | |
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The government need to target the accountants and send them to gaol for such schemes.