Is the Revenue’s anti-avoidance policy working?

Posted on

Rumour reached me that Ernst & Young are making 15 VAT staff, including two partners, redundant. Word on the street is that clients do not want VAT avoidance schemes, hence a lack of work for these unfortunate people.

A call to EY didn't result in positive confirmation of all aspects of the rumour. They said:

Ernst & Young is currently in consultation with a very small number of people in our 1800 strong UK tax practice, who are at risk of redundancy following a strategic review earlier this year. Around 12 people, based in the Indirect Tax team, may be affected.

A tribute to the HMRC anti-avoidance strategy, perhaps?