.png)
.png)
Tax insurance ie insurance cover for identified tax risks by its very nature gives an insight into what gets a taxpayer’s heart racing (see ‘Uncertainty and risk’ Taxation 30 July 2020 page 22 tinyurl.com/2p8bjfwr). The concern may be around a difficult point of interpretation the amount of a tax risk increasing tax authority aggression or protecting against a worst-case scenario.
On the other hand roughly 10% of requests for tax insurance relate to matters being investigated or contested and practitioners receive a lot of information regarding tax authority behaviour. There is now sufficient data to identify trends in tax authority – for the purposes of this article HMRC – activity.
2022 tax environment
The current tax environment points to strong revenue collection pressure.
The UK is facing a cost-of-living crisis inflation supply chain...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
