The Society of Trust and Estate Practitioners (STEP) are calling for a crack down on tax avoidance due to the emerging trend of avoidance by the wealthy.
STEP have unveiled a five-point programme that could assist HMRC in the prevention of tax avoidance.

• Simplifying the tax system.
• Designing taxes with a stronger emphasis on potential abuses.
• Better consultation on any tax change which is proposed.
• Making advisers responsible for advising clients of aggressive tax avoidance schemes.
• Closer collaboration between professional bodies and tax authorities with a view to tackling international tax avoidance.

Find out more about the proposed plan on Tax News.