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Issue:
4127
/
Categories:
Comment & Analysis
, HMRC powers
, ODF
, offshore disclosure facility
, Admin
DEREK ALLEN analyses the potential changes HMRC want to make to extend their powers
KEY POINTS
- Mutual trust between HMRC and taxpayers is important.
- The intervention pilot was full of worthy intentions but badly carried out.
- The need to give HMRC the power to require reasonable information.
- Preserving the right to privacy.
- HMRC's new penalty is intended to centre on taxpayer behaviour.
Nobody likes to pay tax but the vast majority of us do it. Professional advisers share a common objective with officers of HMRC which is to ensure that taxpayers pay the right tax at the right time. So why is it that professionals are concerned to enshrine in statute the safeguards to protect taxpayers' human rights of privacy and pleasurable enjoyment of assets?
Trust
In 2003 the Inland Revenue in Scotland began to use the chi squared test as a means of checking the...
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