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A Budget for Business — but where are the Teeth?

James Bullock and Jason Collins, both Partners in McGrigors, take a look at the effect of the Budget on HMRC powers and the compliance regime

 
James Bullock and Jason Collins both Partners in McGrigors take a look at the effect of the Budget on HMRC powers and the compliance regime
 
In last year's Budget the Chancellor launched a wholesale review of HMRC powers and safeguards the details in respect of which were announced in a short consultation paper which was famously published a week or so later on Maundy Thursday — just as most advisers (and one assumes HMRC officers) were heading off for their Easter Break.
 
A period of consultation followed the results of which are currently being considered by a working party whose...

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