Peter Vaines (Field Court Tax Chambers) suggests it is time for Parliament to step in to counter unintended consequences of APNs.
Rupert Shiers (Hogan Lovells) comments on key areas where HMRC will focus in 2016 and where the law regulating HMRC and tax disputes will be developed.
The Enforcement by Deduction from Accounts (Imposition of Charges by Deposit-takers) Regulations, SI 2016/Draft, are open for consultation until 8 January 2016.
Tax advisers have welcomed the government’s decision to restrict the use of a new ‘strict liability’ offshore tax evasion criminal offence to situations where the amount of tax underpaid is £25,000 or more.
A new UK-wide HMRC taskforce has been launched to target adult club owners and adult entertainers who have not paid their taxes.
A new HMRC publicity campaign has been launched to remind taxpayers with undeclared offshore income that the Liechtenstein and Crown Dependency disclosure facilities will close in December 2015, to be replaced by a tougher penalty regime and new methods for exchanging financial account informatio
The provision for information in HMRC’s technical consultation on CbC could have far-reaching consequences, writes Keith Brockman.
The responses to HMRC penalties: a discussion document, confirmed that many respondents had experienced the concerns highlighted in the discussion document, with some suggesting possible solutions.
When is an application to reduce penalties because of ‘special circumstances’ a better bet than ‘reasonable excuse’? Peter Vaines (Squire Patton Boggs) considers a recent tribunal decision.