Revenue unveils 'get tough' strategy

Revenue & Customs has unveiled a ‘get tough’ strategy for tax cheats and vowed to adopt a ‘no compromise’ stance.

 
The Revenue says its new ‘litigation and settlements strategy’ (LSS) will affect how it handles and settles disputes over taxes, duties or credits going forward.
 
It says: ‘The aim of the LSS is to ensure that we conduct disputes in a way that it professional, effective and that supports the Revenue’s objectives to close the tax gap and provide customers with a clear understanding of the law.’
 
The Revenue claims it will seek non-confrontational solutions where possible.
 
It adds: ‘Where we have a strong case we should seek full value from settlement, or take the matter to litigation.’
 
Under the strategy, the Revenue is proposing to chose cases ‘for their wider impact, as well as their own value’ and ‘not pursue weak arguments’.
 
Previously the Revenue resolved complex enquiries through negotiation and compromise on both sides but they have now taken a hard line and is effectively saying that either an issue is fully taxable or there is no liability.

more from General Information

Revised Treatment of VAT incurred on home computers
Revised Treatment of VAT incurred on home computers made available by employers to their employees
Artic Systems case - The Implications
“Artic Systems” may lead to changes in the taxation of family companies
Rates of interest on tax
On 5th July 2007 bank rate increased from 5.5 per cent to 5.75 per cent. This affects the rates of interest on unpaid tax and overpaid tax
Offshore Disclosure
The door has closed on the offshore disclosure initiative which allowed for a reduced penalty regime for those who voluntarily notified that items had been missed off tax returns by the deadline date of 22 June 2007.
Powering On
Revenue & Customs is continuing its update and, at times, radical overhaul of its existing powers.
New fuel advisory rates from 1st August 2007
HMRC announced on 27 June that the advisory fuel rates for company cars will increase from 1 August 2007
Jones v Garnett - House of Lords decision
The House of Lords has found in favour of Geoff Jones in the landmark case Jones v Garnett.
Anti Avoidance Expansion
Revenue & Customs has also announced the enlargement of the Joint International Tax Shelter Information Centre – better known as JITSIC
Non-Residence pages on Returns
The latest self-assessment tax return (2006/07) contains a number of changes to the non-residence pages
Spotlight on Landlords
There has been a raft of press commentary about a planned Revenue & Customs crackdown on landlords
Revenue rethink
The government has tabled amendments to the new rules for charging penalties when taxpayers make errors in their tax returns
Jones v Garnett update
The ‘husband and wife’ case of Jones v Garnett has been heard at the House of Lords
When less is more
Data security issues could soon be a thing of the past
Proof positive
Corporate identity theft is a growing problem
IT system costs anger MP's
Revenue & Customs has been attacked by MP’s over the cost of an IT system that ended up costing nearly three times the agreed sum
Revenue unveils 'get tough' strategy
Revenue unveils 'get tough' strategy for tax cheats and vowed to adopt a 'no compromise' stance
Revenue poised to nab amnesty dodgers
Revenue & Customs is preparing to pursue around 40,000 individuals.
ICAEW spearheading move to protect term 'accountant'
The ICAEW is putting its full weight behind the campaign to get legal protection for the term 'accountant'.
Sage Line 50 Version 9
Sage has recently announced that they will be ceasing to support Version 9
Income Tax Rates
Government proposes to reduce the basic rate of income tax
VAT Fuel Scale Charges
HMRC intends to change significantly the VAT fuel scale charges payable by businesses
Directors' Liability - Personal Guarantees
Personal Guarantees
Jones v. Garnett
Jones v. Garnett - The House of Lords is about to consider the tricky question of whether dividends paid by a company
Declaring Cash on entering or leaving the UK
Declaring Cash on entering or leaving the UK
Offshore disclosure facility
Offshore disclosure facility
CFW Accountants

Northants Chamber of Commerce Member  ACCA  ICAEW
privacy statement - terms of use

CFW Accountants and Business Advisers