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Heavy burden
Tax policy has long been used as a lever to influence the behaviours of taxpayers. HMRC has historically relied on two main activities to improve businesses’ compliance with tax legislation.
- Upstream activities – which involves the use of legislative changes to close tax loopholes as well as guidance to help educate taxpayers. The objective of these activities is to help taxpayers get their returns right the first time.
- Downstream activities – which involves identifying and tackling non-compliance once it has taken place. Often this scrutiny from HMRC involves an informal approach with a focus not just on what the returns say but how the figures within them are arrived at.
While we have seen a constant flow of legislative changes and upstream activities over recent years it appears that HMRC is having a renewed focus on downstream activities.
Recent HMRC ‘compliance’ checks
There are a number...
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