Accountancy Firms Could Be Fined for Tax Avoidance

The video discusses the scrutiny of tax affairs and the role of anonymous accountants in advising clients on tax avoidance. HMRC aims to deter such practices by targeting offenders. The video highlights tax schemes in the movie industry, where investments in films were used to claim tax losses. It emphasizes the need for clearer tax laws to prevent exploitation of loopholes. The video concludes with the government's focus on addressing tax avoidance, as prioritized by Theresa May's administration.

How do industry professionals believe tax rules could be improved?

What priority has Theresa May made regarding tax avoidance?