Tony Spillett sets out a ten-point plan to establish and maintain a good working relationship with HMRC
‘HMRC is under fire from tax advisers for starting trials on a new clampdown on bad record keeping by SMEs without telling them. Around 1,200 SMEs are being initially targeted in a programme aimed at checking the records of 200,000 of them over the next four years …
Ray McCann and Cathya Djanogly review recent case law which suggests that HMRC have been applying the penalty legislation too rigidly
Revenue & Customs Brief 14/11 explains how FA 2010 Sch 10 allows for a higher penalty, of up to 200%, where people fail to declare income or gains arising offshore.
Revenue & Customs Brief 15/11 explains that HMRC have changed their approach to the operation of the FA 2007 Sch 24 para 8 ‘delayed tax’ provision.
The Finance Act 2010, Schedule 10 (Appointed Days and Transitional Provisions) Order, SI 2011/975, appoints 6 April 2011 as the day on which FA 2010 Sch 10, increasing the level of penalties that may be charged where certain
HMRC have reminded ‘tax evaders hiding money offshore’ that penalties for non-compliance will be linked to the ‘tax transparency’ of the country involved, beginning with 2011/12 tax returns.
The Penalties, Offshore Income etc.
The government’s efforts to tackle tax avoidance are ‘quite understandable’ but evasion and other criminal activity have a ‘far greater’ impact than legal avoidance, tax experts said in response to a new paper setting out the government’s anti-avoidance strategy.
James Bullock contends that every company should have a ‘raids defence’ strategy as a routine operational part of their risk management procedure