HMRC is now permanently offering small businesses and individuals the opportunity to resolve tax disputes via ADR. The UK and Isle of Man have signed an agreement for the automatic exchange of tax information. HMRC has published regulations to bring arrangements designed to get round the new ATED legislation within the disclosure of tax avoidance schemes (DOTAS) rules. HMRC has launched a let property campaign in an attempt to recover up to £500m of tax on underdeclared property rental income. The First-tier Tribunal has ruled in favour of the taxpayer in another case involving a discovery assessment.
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