Nigel Barker, Annis Lampard and Jenny Tevlin (Deloitte) examine what Schedule 36 powers mean in practice, and unwrap the latest trends in HMRC analytics.
HMRC’s attitude towards information gathering and its use of its formal information powers have evolved in recent years partly influenced by broader advances in the regulatory and technological landscapes. An ever growing data set is now available to HMRC and it has the technology to analyse this data effectively. Consequently targeted enquiries from HMRC are increasing as is the number of information requests a critical element of any enquiry. It is important that tax professionals are alert to the developments in HMRC information requests and are aware of the most effective and pragmatic responses.
Information requests generally arise during an enquiry but it is worthwhile being aware of what information HMRC already has and the evolving ways in which...
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Nigel Barker, Annis Lampard and Jenny Tevlin (Deloitte) examine what Schedule 36 powers mean in practice, and unwrap the latest trends in HMRC analytics.
HMRC’s attitude towards information gathering and its use of its formal information powers have evolved in recent years partly influenced by broader advances in the regulatory and technological landscapes. An ever growing data set is now available to HMRC and it has the technology to analyse this data effectively. Consequently targeted enquiries from HMRC are increasing as is the number of information requests a critical element of any enquiry. It is important that tax professionals are alert to the developments in HMRC information requests and are aware of the most effective and pragmatic responses.
Information requests generally arise during an enquiry but it is worthwhile being aware of what information HMRC already has and the evolving ways in which...
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:
