E Behague (TC2983)
Making use of the alternative dispute resolution process
The Revenue’s approach to tax dodging and the questions advisers should be asking clients
The result of Mehjoo prompts advice for fledgling tax advisers
Employers are being given the chance to settle open enquiries into the use of employee-financed retirement benefit schemes (EFRBS) arrangements by agreement and without needing to take part in litigation.
Firms have until 31 December 2013 to consider the two options offered by HMRC:
M Freeman (TC2885)
Nijjar Dairies Ltd (TC2828)
Dr S Easow; Mrs M Samuel; Tammys Ltd (TC2882)
Taskforces and amnesties aid 38% jump during 2012/13, figures show
HMRC are in discussions with the commercial sector about how it can help to reduce tax credits error and fraud – which stood at £2.09bn in 2011/12.
The talks follows a short trial earlier this year with data management provider Transactis and sub-contractor Bosch, during which 16,000 cases were reviewed: 5,500 were found to be containing error and fraud, and £20m of potential losses were identified.
The results of the pilot scheme demonstrate the potential for significant benefits through the use of private supplier technology, claimed the Revenue.
K Betts (TC2824)
Investigations find good practices