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There are better ways to tackle avoidance than those recently proposed by HMRC
KEY POINTS
- New consultation on proposed powers for HMRC to deal with delays in settlement.
- Follower notices to enforce payment where there is a court case on a similar point.
- Tax to be paid up front in avoidance cases.
- Tax to be demanded in historic cases.
- Are HMRC themselves often the reason for delay?
- The effective use of powers would dispel the need for such legislation.
The more thoughtful of HMRC’s officers must have been embarrassed by the contents of the consultation document (condoc) Tackling Marketed Tax Avoidance published on 24 January 2014.
This says that despite the vast array of information their investigative powers and colossal resources HMRC are unable to bring many disputes to a conclusion. But is...
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