000 00965cam a2200205 4500
001 WB@3612-839
008 041118n2004 000 0 eng u
035 _a(Sirsi) u128027
245 _aTax clampdown
260 _c2004
490 _aInside Housing
_v(21)45 12 November 2004, 11(1)
520 _aHundreds of housing associations could be hit with large fines for tax avoidance as part of a clampdown by HM Customs and Excise. Under the new tax avoidance legislation which came into force in August 2004, housing associations are required to disclose the use of certain tax avoidance schemes. Failure to do so will result in a fine of either £5 000 or 15% of the tax saved. The National Housing Federation is drafting an urgent notice to warn associations of the potential dangers.
590 _aWB
590 _aWB
650 _aTAX AVOIDANCE SCHEME
650 _aHOUSING ASSOCIATIONS
650 _aLEGISLATION
690 _aTAXATION
942 _n0
999 _c118331
_d118331