Tax professionals call on U.K. government to help dispel avoidance ‘myths’

HM Revenue & Customs and politicians could do more to educate the public about tax and dispel “misleading impressions” about tax avoidance given by media reports, the Chartered Institute of Taxation has told the All Party Parliamentary Group on Responsible Tax.

The idea that there is a large “pot of gold” that could have reduced the need for austerity measures is a myth, the CIOT said, adding that “the concept that HMRC has failed to raid this non-existent pot is a fundamental misreading of reality.”

An APPG consultation was launched in September to consider HMRC’s ability to fight tax avoidance and evasion …

Read more: My news story for Tax Analysts, 26 October (paywall).