Dan Jones  

HMRC loses battles but will win the war

Dan Jones

Dan Jones

It’s not just the offshore world that needs careful consideration. HMRC has been dealt a blow on in-specie contributions, but its quest to boost the tax-take means the episode may yet prove to be the first of many retrospective changes.

That would be a source of particular frustration – even ‘tax first, ask questions later’ looks better than ‘ask no questions, tax later’. 

Unfair as it may seem, advisers should give careful thought to which aspect of their tax plans may be next to fall by the wayside.