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Screw tightens on tax avoiders

By Robin Stride

Accountants have warned that the net is tightening on high net-worth individuals in the medical profession who were persuaded to try and save money using tax avoidance schemes.

They say HM Revenue and Customs (HMRC) believes consultants and dentists are the biggest users of these financial arrangements, which are regarded by tax officials as outside the spirit of the law.

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