James Slack and Becky Barrow
UK Daily Mail
Tuesday, May 4th, 2010
Anybody who advises a friend to take out an Isa or gives them a similar tax-saving tip risks a £5,000 fine, experts warned yesterday.
They attacked proposed ‘Big Brother’ powers for HM Revenue and Customs which could ensnare those simply trying to help a friend, relative or colleague to cut their tax bill.
Innocent victims could include a person who mentions to a friend in the pub that an Isa is a way of saving £10,200 a year tax-free.
Even a vicar who encourages the congregation to donate money using the Gift Aid envelopes, rather than putting cash straight into the Sunday collection, may fall into the trap.
Charities could also be hit by the draconian new ‘tax avoidance’ law, experts claim.
It will make it an offence to hold any conversation – even in private, with friends – if it offers clues on how to pay less tax.
This article was posted: Tuesday, May 4, 2010 at 3:16 am