Budget 2014: Compliance and enforcement

James Bullock

HMRC ‘is up for a fight’, says James Bullock.

There were essentially four key announcements in the Budget:

An accelerated payment requirement in tax avoidance (DOTAS and GAAR) cases.
A requirement for users of ‘failed’ avoidance schemes to amend their returns and make an accelerated payment.
A consultation on extending DOTAS.
A consultation on a new power enabling the direct recovery of debts from taxpayers’ bank accounts.

There was also confirmation that the forthcoming Finance Bill will contain the new information powers and penalties for high risk promoters that were announced in Budget 2013. We will have to await the draft Bill to see if there have been any changes but from the tone of HMRC’s announcement we would assume that...

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HMRC ‘is up for a fight’, says James Bullock.

There were essentially four key announcements in the Budget:

An accelerated payment requirement in tax avoidance (DOTAS and GAAR) cases.
A requirement for users of ‘failed’ avoidance schemes to amend their returns and make an accelerated payment.
A consultation on extending DOTAS.
A consultation on a new power enabling the direct recovery of debts from taxpayers’ bank accounts.

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: