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Large business ‘special measures’ regime

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HMRC has published guidance on the new ‘special measures’ regime in Finance Bill 2016 (Sch 19) for those large businesses which persistently engage in aggressive tax planning, or refuse to engage constructively with HMRC. Businesses in special measures may lose the right to use the reasonable care excuse against penalties for inaccuracies in returns, and may also be publicly named. See

Issue: 1303
Categories: News , Anti-avoidance , Corporate taxes