The Chartered Institute of Taxation (CIOT) has issued a response to the 'naming and shaming' of tax defaulters as laid out in the Finance Bill. The CIOT has said that the idea of 'naming and shaming' deliberate tax defaulters (BN 63) is in many ways hard to argue with as a route to helping improve attitudes towards tax compliance. It is a route that has been followed in other countries, notably Ireland.
John Whiting, Chairman of the CIOT's Management of Taxes Sub-Committee, said: "The proposition naturally raises concerns over ensuring that it is only used in appropriate circumstances."
These include the following:
- That it should be framed in terms of tax evaders who deliberately default and conceal.
- That there must be no risk of a genuine dispute with HMRC about the treatmen...