Liverpool-based IPS Progression Limited faces a £900k penalty for tax avoidance and non-cooperation with HMRC.
Liverpool-based tax avoidance promoter, IPS Progression Limited (IPS), faces a £900k penalty for failing to cooperate with HM Revenue & Customs (HMRC) and for notifying HMRC of its arrangement until April 2022. IPS paid 1,593 scheme users, including locum doctors and nurses, with tax-free loans between April 2016 and April 2018. A judge at First-Tier Tribunal has determined that IPS must now pay the penalty.
March 22, 2024
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