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HMRC POWERS


HM Treasury issued a joint statement announcing publication of the Model Intergovernmental Agreement to Improve Tax Compliance and to Implement FATCA.

Confidentiality of taxpayer information ‘has always been a fundamental cornerstone of tax systems,’ says OECD

The OECD has updated Article 26 of the OECD Model Tax Convention explicitly to allow tax authorities to request information on a group of taxpayers without naming them individually.

HMRC invited anyone with information about suspected tax fraud to call its ‘tax evasion hotline’ as it announced that a plumber who pleaded guilty to fraudulent tax evasion – contrary to the Taxes Management Act 1970 – had been jailed for 12 months.

There must be a distinction between ordinary tax planning and aggressive tax avoidance, says Exchequer Secretary

Mutual assistance between HMRC & South Africa Revenue Service

HMRC has paid more than £1m to informants in the last three financial years.

  HMRC defends payments to informants HMRC has paid more than £1m to informants in the last three financial years. ‘Hundreds of people a year have received rewards ranging from about £50 to thousands of pounds, depending on how much tax is recouped...

Nyree Craig explains why the UK's basic principle of non-cooperation is now a thing of the past.

HMRC proposes to add a ‘taxpayer responsibilities’ test to extra-statutory concession A19 that would require taxpayers to have ‘a certain basic level of knowledge’ about their tax affairs.

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