What you should know about risky arrangements of trusts used for tax avoidance or evasion.
In the 2013–14 Budget, the government announced it would provide funding over 4 years for a multi-agency taskforce. This taskforce would take compliance action against taxpayers involved in tax avoidance or evasion using trusts. From 1 July 2017, this work continues under the operational umbrella of the Tax Avoidance Taskforce.
If you're concerned about the implications of your tax planning arrangements, you can seek independent professional advice by contacting us or making a voluntary disclosure.