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The cricketing analogies went a ball too far during the 19th and 20th sittings of the Finance Bill debates. ALLISON PLAGER reports
KEY POINTS
- Taxpayers will have time to prepare for the new time limits.
- What is a reasonable excuse?
- Are more safeguards needed against HMRC's powers of enforcement?
- HMRC will consider each individual case before making set-off.
The sticky subject of the disclosure of tax avoidance schemes (Sch 38) came under discussion at the start of the nineteenth sitting of the Finance Bill. David Gauke presented an amendment which related to scheme reference numbers.
He said that there is sometimes a delay between making an arrangement available to a client and implementing it.
The result is that a client may have a scheme reference number and reach the filing date with no need to report that number as the scheme has not been implemented. If he starts implementation after filing the return he has to file an...
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