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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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Inappropriate triggers

The new powers contain inappropriate triggers, contributing to the lack of focus on the intended taxpayers.

Some taxpayers who should be caught are not, while innocent taxpayers may find themselves treated as serial tax avoiders, the report says.

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.