Anne Redston, Visiting Professor in Tax Law at King's College, London, assesses HMRC's proposed new powers over tax advisers
Anne Redston Visiting Professor in Tax Law at King's College London assesses HMRC's proposed new powers over tax advisers
Once upon a time a magician located Aladdin's lamp by offering 'new lamps for old'. HMRC's consultation paper reassuringly entitled 'Working with Tax Agents' (WWTA) makes a similar proposal. Instead of the existing powers for dealing with wayward tax advisers the document recommends a raft of new ones. These include giving HMRC the power to:
● review working papers relating to the adviser's entire client base to see if a mistake is systemic or a one-off
● levy financial penalties linked to fees...
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Anne Redston, Visiting Professor in Tax Law at King's College, London, assesses HMRC's proposed new powers over tax advisers
Anne Redston Visiting Professor in Tax Law at King's College London assesses HMRC's proposed new powers over tax advisers
Once upon a time a magician located Aladdin's lamp by offering 'new lamps for old'. HMRC's consultation paper reassuringly entitled 'Working with Tax Agents' (WWTA) makes a similar proposal. Instead of the existing powers for dealing with wayward tax advisers the document recommends a raft of new ones. These include giving HMRC the power to:
● review working papers relating to the adviser's entire client base to see if a mistake is systemic or a one-off
● levy financial penalties linked to fees...
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:
