We wrote last week about a school fee tax avoidance scheme, promoted by Signature Tax (the tax boutique owned by the SNP’s new auditors). We’ve since been deluged with reports of other promoters pushing the same scheme. We’ve reported Signature and three other firms to their regulators. More below about who the promoters are, and […]

The Signature Group, owned by the SNP’s new auditors, are promoting a tax avoidance scheme aimed at parents who send their children to independent school. It supposedly enables parents to fund school fees from their pre-tax income – which, for parents with three kids at a top Scottish independent school – could avoid £100k per year. I say “supposedly” because the scheme is nonsense. HMRC are likely to challenge the scheme, and are likely to win. Parents should steer clear.