Where there is an appeal against an assessment, a statutory review may provide a means of settling the appeal without the need for a tribunal hearing. Recent data shows that, despite a lack of independence, a majority of reviews across a range of issues are decided in favour of the taxpayer. A review may be of less value for highly technical issues or where HMRC is asserting that tax avoidance is present. In some cases, HMRC may offer a review and this could cause difficulties for clients who are still gathering information to support an appeal or trying to delay settlement of their appeal.
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Where there is an appeal against an assessment, a statutory review may provide a means of settling the appeal without the need for a tribunal hearing. Recent data shows that, despite a lack of independence, a majority of reviews across a range of issues are decided in favour of the taxpayer. A review may be of less value for highly technical issues or where HMRC is asserting that tax avoidance is present. In some cases, HMRC may offer a review and this could cause difficulties for clients who are still gathering information to support an appeal or trying to delay settlement of their appeal.
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:
