CityWire: HM Revenue & Customs (HMRC) has defeated a fifth tax avoidance scheme designed by NT Advisors, involving a £500,000 gift to charity. According to HMRC, the court victory in the Upper Tribunal stopped £21 million of tax from being avoided.
Full story: http://www.citywire.co.uk/new-model-adviser/hmrc-scores-fifth-victory-against-tax-advisers-in-21m-charity-scheme/a751097?ref=new-model-adviser-latest-news-list