Consultant and former CIOT president Ray McCann discusses the limitations of HMRC’s recent compliance strategy and suggests a more pragmatic approach.
I was asked recently whether I thought HMRC is much tougher these days than was the case in the past. The easy answer is yes. The chance of being charged a penalty for error is much higher than it used to be and even a routine low value dispute with HMRC can end up before the First-tier Tribunal. Where HMRC believes that there has been tax avoidance litigation is highly likely. Enquiries may drag on for years and HMRC can sometimes appear to pursue cases even where it seems unlikely that it will not be supported in the tribunal or courts.
In large part this tougher approach has been a deliberate HMRC strategy. When the merger of the Inland Revenue and Customs & Excise...
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Consultant and former CIOT president Ray McCann discusses the limitations of HMRC’s recent compliance strategy and suggests a more pragmatic approach.
I was asked recently whether I thought HMRC is much tougher these days than was the case in the past. The easy answer is yes. The chance of being charged a penalty for error is much higher than it used to be and even a routine low value dispute with HMRC can end up before the First-tier Tribunal. Where HMRC believes that there has been tax avoidance litigation is highly likely. Enquiries may drag on for years and HMRC can sometimes appear to pursue cases even where it seems unlikely that it will not be supported in the tribunal or courts.
In large part this tougher approach has been a deliberate HMRC strategy. When the merger of the Inland Revenue and Customs & Excise...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
