HMRC Warns Taxpayers How to Spot and Avoid Harmful Advisers

The UK tax authority Tuesday issued guidance to help taxpayers identify and avoid using harmful tax advisers.

His Majesty’s Revenue and Customs doesn’t officially approve or endorse tax advisers, and taxpayers are responsible for their tax affairs even when acting on professional advice, the tax authority said in a policy paper.

“If an intermediary’s offer sounds too good to be true, it probably is. If an intermediary says they can help you pay less tax, you might end up owing more, plus interest and penalties,” HMRC said.

Taxpayers should be cautious with intermediaries whose terms and conditions are unclear ...