Richard Clarke Director in PricewaterhouseCoopers LLP tax investigations practice looks at HMRC's powers to inspect PAYE records and asks if these shed any light on how it will use its new powers
Last month in this column my colleague Simon Wilks explored the changes proposed to HMRC's inspection and information powers by Schedule 36 of the current Finance Bill to take effect on or after 1 April next year. Features of the new powers include the ability to access business premises and to review records of a business even before a return is made. In the consultation document published prior to the Budget HMRC stated that it already had such powers for PAYE and VAT hence the extension to corporate tax (CT) income tax (IT) and capital gains tax (CGT) was not...
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Richard Clarke Director in PricewaterhouseCoopers LLP tax investigations practice looks at HMRC's powers to inspect PAYE records and asks if these shed any light on how it will use its new powers
Last month in this column my colleague Simon Wilks explored the changes proposed to HMRC's inspection and information powers by Schedule 36 of the current Finance Bill to take effect on or after 1 April next year. Features of the new powers include the ability to access business premises and to review records of a business even before a return is made. In the consultation document published prior to the Budget HMRC stated that it already had such powers for PAYE and VAT hence the extension to corporate tax (CT) income tax (IT) and capital gains tax (CGT) was not...
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:
