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HMRC powers worrying for taxpayers

By Tom Carnegie, 6 Dec 17

Concern has been raised about the lack of effective safeguards in place for taxpayers, as HM Revenue and Customs continues to develop broader powers to seek payments.


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Impact

The impact on the relationship between HMRC and taxpayers generally depends on the new powers being confined to the intended taxpayer group, and not being allowed to expand.

If the new powers are used more widely, such that disproportionate burdens are placed on ordinarily compliant taxpayers, then a sense of unfairness will develop, the report finds.

Tags: HMRC

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.