On 24 April, HMRC published its fi rst edition of “Spotlights” in which it highlighted tax schemes which it claims are ineffective. It says that its intention is to warn customers that it would challenge these schemes and seek the maximum possible payment of any underpaid tax, interest and penalties. Although “Spotlights” merely sets out HMRC’s views, which may not be correct, taxpayers who have utilised any of the schemes referred to are likely to face enquiries.  

This new policy could have the unfortunate consequence of encouraging demands for compensation from the users of any such schemes from their professional advisers who might have recommended the schemes.