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A senior tax professional has raised concerns about an HMRC briefing that covers how the accelerated payments regime will be applied to tackling tax avoidance schemes.
Part two of the document explains that ‘pay upfront’ measures will be aimed at avoidance arrangements that include those already defeated in court.
A senior tax professional has raised concerns about an HMRC briefing that covers how the accelerated payments regime will be applied to tackling tax avoidance schemes.
Part two of the document explains that ‘pay upfront’ measures will be aimed at avoidance arrangements that include those already defeated in court.
But there is no mention of the need for the Revenue to have first issued a follower notice for the condition to apply, according to Graham Webber, head of professional relations at financial advice group Rebus
“As yet, there is no evidence of any such notices being issued,” he said. “HMRC’s statement, while perhaps not misleading, may increase the stress and worry many of our clients already suffer – and from a source they would regard as being honest and fair.”
Webber urged the tax department to stick to its “core principle” of fairness. “On this occasion, I think more attention to wording would have allowed HMRC to meet that principle.”
Have our politicians ever tried to imagine what it would be like if this applied to them. It would be like some third party coming along and simply demanding payment of £1.5 billion from the government! How would they react then!?