Although not billed as a major fiscal event the Chancellor’s Spring Statement 2025 unveiled several tax announcements with a range of consultations around providing increased tax certainty for business expanding HMRC’s data collection powers reforming penalties for inaccuracies and failure to notify and giving HMRC more powers to tackle tax avoidance.
Front and centre are the proposals to further empower HMRC to clamp down on those who promote or facilitate tax avoidance or non-compliance. HMRC are running the following consultations:
Enhancing HMRC's ability to tackle tax advisers facilitating non-compliance: this considers a further raft of powers for HMRC in their approach to advisers who facilitate tax non-compliance. Proposed changes include widening the circumstances in which HMRC can request information from tax advisers including where HMRC ‘reasonably suspect the tax adviser has facilitated’ an inaccuracy in a return. The consultation says the intention here is to...
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Although not billed as a major fiscal event the Chancellor’s Spring Statement 2025 unveiled several tax announcements with a range of consultations around providing increased tax certainty for business expanding HMRC’s data collection powers reforming penalties for inaccuracies and failure to notify and giving HMRC more powers to tackle tax avoidance.
Front and centre are the proposals to further empower HMRC to clamp down on those who promote or facilitate tax avoidance or non-compliance. HMRC are running the following consultations:
Enhancing HMRC's ability to tackle tax advisers facilitating non-compliance: this considers a further raft of powers for HMRC in their approach to advisers who facilitate tax non-compliance. Proposed changes include widening the circumstances in which HMRC can request information from tax advisers including where HMRC ‘reasonably suspect the tax adviser has facilitated’ an inaccuracy in a return. The consultation says the intention here is to...
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