In a somewhat unusual move, HMRC have published details of six tax planning mechanisms which they are monitoring and are prepared to challenge.

The six schemes are:

• CT relief claims in respect of goodwill, where companies acquire businesses carried on prior to 1 April 2002 by a related party.
• VAT Schemes in connection with the leasing of pleasure craft.
• “Artificial” surpluses on pension schemes.
• Employment related liabilities and losses.
• Certain trust arrangements to secure deferral of PAYE and NIC.
• Certain arrangements relating to Employer-Financed Retirement Benefits Schemes.

HMRC list of avoidance schemes is reproduced below at 2.04