HMRC names tax avoidance promoting directors for the first time

Published on: 31 August 2022

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Specialist Tax Regulatory Materials

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HMRC has used new powers to publicly name directors of tax avoidance promoting companies for the first time. Saxonside Ltd and its director, Adam Fathers, have been named in addition to director of The Umbrella Agency Ltd, Stuart John Brooke. HMRC warns customers to leave the firms’ schemes or risk large tax bills. HMRC’s Director of Counter Avoidance, Mary Aiston, stated this should serve as a ‘stark warning’ and that HMRC will continue to use all powers to ‘crack-down’ on promoters.

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