HMRC have extensive powers to assist them in the collection and management of revenue, including the ability to issue information notices, discovery assessments and penalties. However, HMRC must meet relevant conditions before exercising these powers and they also have the burden of showing they have met these conditions. Recent cases have warned that HMRC must take this burden seriously and it is important that taxpayers are aware of the issues that have arisen.
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HMRC have extensive powers to assist them in the collection and management of revenue, including the ability to issue information notices, discovery assessments and penalties. However, HMRC must meet relevant conditions before exercising these powers and they also have the burden of showing they have met these conditions. Recent cases have warned that HMRC must take this burden seriously and it is important that taxpayers are aware of the issues that have arisen.
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:
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