When Tax Planning - Stick To The Tried And Trusted. Aggressive tax planning may seem attractive, especially for doctors paying huge amounts of tax. However if its sounds too good to be true - it normally is!
HMRC have been highly successful in challenging aggressive tax planning schemes in the courts and this, along with a constant stream of anti-abuse legislation and the General Anti Abuse Rule (GAAR), means that it is becoming less and less likely these schemes will be truly effective in the long-term.
Far better to stick to the tried and trusted arranging of your affairs in the most tax efficient manner. Using arrangements which are not only approved by the Government over many years - but are actively encouraged as a way to boost savings and boost the economy.
If you would like a review on how to reduce your tax bill in a fair and transparent way - get in touch.