A U.K.-based business that “aggressively” marketed tax avoidance schemes for years has been fined and ordered by a London court to hand over client data that could aid the tax office in recovering 3 million pounds ($4 million) of tax.
In a March 14 decision released Friday, the Upper Tribunal Tax chamber ordered AML Tax (UK) Ltd., part of Isle of Man-based Knox Group, to pay a fine of 150,000 pounds for failing to produce the data in question to Her Majesty’s Revenue and Customs.
“AML Tax used a series of tactics to try and frustrate HMRC’s efforts to work ...
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