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Tax Planning — I Will Survive

Andrew Hinsley Tax Director and Rebecca Busfield Tax Adviser both in the Tax Risk Management team at Ernst & Young LLP give their view on why despite the new penalty regime tax planning still survives
A recent article in The Tax Journal ('The Death of Tax Planning?' by Barbara Mosedale Issue 924 10 March 2008) raised some novel points in relation to the impact of the new penalty regime on tax planning activities. It certainly caught the eye of consulting colleagues who raised concerns as to whether it would be necessary in future to specialise in other areas of tax such as compliance. Clearly tax advisers would not like their clients to face a penalty should their planning prove to be based upon an interpretation...

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