https://www.freelanceinformer.com/news/icaew-tax-faculty-calls-for-safeguards-for-directors-of-tax-avoidance-schemes/?utm_source=rss&utm_medium=rss&utm_campaign=icaew-tax-faculty-calls-for-safeguards-for-directors-of-tax-avoidance-schemes Empowering the Freelance Economy Thu, 29 Jun 2023 12:22:01 +0000 hourly 1 https://wordpress.org/?v=6.7.1 https://www.freelanceinformer.com/news/icaew-tax-faculty-calls-for-safeguards-for-directors-of-tax-avoidance-schemes/#comment-3245 Thu, 29 Jun 2023 12:22:01 +0000 https://www.freelanceinformer.com/?p=12279#comment-3245 In my view, ICAEW are making themselves look complicit in these shenanigans. I’m speaking as someone who made the mistake of getting entangled in such a scheme years back, and ended up paying a significant penalty to resolve the consequent tax issues. My perspective from my own experience is: 1) I really don’t believe that directors of these schemes are oblivious to their dubious nature, especially now with all the publicity that has gone on. 2) As various issues were raised with schemes, they changed and adapted, but kept members “on the hook” by promising to supply full legal support in any dispute if members stayed with them (and of course they didn’t). 3) The scheme I was a member of, was IoM based. The account manager I dealt with, who decided to leave, told me the director was “a very important person” on IoM who “no one would want to get into trouble with” (It sounded quite ominous). So I do not buy for one minute, the apparent innocence of these directors as claimed by ICAEW, and my impression of them is now in the gutter….

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