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New Powers for Old

 
Anne Redston Visiting Professor in Tax Law at King's College London assesses HMRC's proposed new powers over tax advisers
 
Once upon a time a magician located Aladdin's lamp by offering 'new lamps for old'. HMRC's consultation paper reassuringly entitled 'Working with Tax Agents' (WWTA) makes a similar proposal. Instead of the existing powers for dealing with wayward tax advisers the document recommends a raft of new ones. These include giving HMRC the power to:
 
●     review working papers relating to the adviser's entire client base to see if a mistake is systemic or a one-off
 
●     levy financial penalties linked to fees the client's turnover or the tax at risk
 
●     refuse to allow the adviser to...

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