Where there is an appeal against an assessment, a statutory review may provide a means of settling the appeal without the need for a tribunal hearing. Recent data shows that, despite a lack of independence, a majority of reviews across a range of issues are decided in favour of the taxpayer. A review may be of less value for highly technical issues or where HMRC is asserting that tax avoidance is present. In some cases, HMRC may offer a review and this could cause difficulties for clients who are still gathering information to support an appeal or trying to delay settlement of their appeal.
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Where there is an appeal against an assessment, a statutory review may provide a means of settling the appeal without the need for a tribunal hearing. Recent data shows that, despite a lack of independence, a majority of reviews across a range of issues are decided in favour of the taxpayer. A review may be of less value for highly technical issues or where HMRC is asserting that tax avoidance is present. In some cases, HMRC may offer a review and this could cause difficulties for clients who are still gathering information to support an appeal or trying to delay settlement of their appeal.
If you are not a subscriber, subscribe now to read this content.
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