Tax avoidance schemes
Help, my employer has taken on new clients that have previously used a tax avoidance scheme, the previous accountant “disappeared”. The accounts are overdue and my employer wants me to do the accounts which I am not comfortable with. I am the sole accountant. The scheme used was a loan scheme. DOTAS refers to the promoter and user to Disclose the scheme which would then be investigated and arrangement for tax to be paid. I can’t find anywhere how to account for the income/outgoings in the actual accounts. Do I treat as income and dividends. Do I report the scheme? Any help is much appreciated
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Comments
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Are you in practice?
I would first seek advice from your employer as this is his client, it could also get really messy when it's not your client.
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I agree, it could get really messy and not something I want to be involved with so have gone back to my employer. Thanks for taking the trouble to reply.
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