# Inventive TAX Strategies Limited (06702751)

> Why UK company 06702751 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06702751

- **Status:** Administration ended
- **Administration began:** 2013-10-24
- **Administrators' firm:** Evelyn Partners
- **Formerly:** Inventive TAX Strategies (Ascot) Limited; Inventive TAX Strategies Ltd
- **Incorporated:** 2008-09-19
- **Location:** London
- **Industry:** 70229 Management consultancy activities other than financial management

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure

## From the administrators' statement

Introduction of Sub-Sale Rules against SDLT Schemes

In recent years HMRC has been very actively challenging SDLT planning and the Government has made it one of its key policies to introduce legislation tn order to recover a greater proportion of tax it considers to be owed by taxpayers

In 2012, this objective gathered pace with the Chancellor announcing in the Budget that he was amending the law relating to “sub-sales” which affected most or all of the ITS planning and he indicated that he would not hesitate to introduce retrospective legislation on SDLT Schemes In addition SDLT Schemes were brought more fully within the existing rules that required ITS to disclose tax planning sold to cllents These made it more likely that parties who implemented SDLT Schemes would be identified and the SDLT relating to transactions with which they were involved would be deemed to be payable. Also a number of First Tier tax tribunals found in favour of HM Revenue & Customs (“HMRC”) on SDLT tax planning

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06702751/filing-history/MzA5MTY5MTY5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06702751

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.