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ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

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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Quasi-judicial powers

According to the report, “a potentially more serious problem” is that some of the new powers give HMRC quasi-judicial powers and could prevent taxpayers accessing justice.

“They make the financial risks of appeal so great that even taxpayers with strong cases may not be prepared to risk going to court,” it notes.

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.