Profession concerned over accelerated payments

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The Chartered Institute of Taxation (CIOT) has voiced concern about HMRC’s proposal to extend accelerated payment proposals to existing schemes disclosed under DOTAS.

In a recent response to Finance Bill 2014 draft clauses for consultation, the tax institute said that this is in effect introducing retrospective legislation and that “the proposed legislation tips the balance excessively in HMRC’s favour”

“The fact that there has been disclosure indicates an intention to...

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27th Feb 2014 21:59

This is an additional risk that comes with dabbling in avoidance schemes

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03rd Mar 2014 12:55

Advance payments
Guilty until proven innocent........

Tribunals restricted to cases HMRC deem applicable to........ will removal of Jury trial be next, except where CPS do not want the member of the public to serve the sentence or pay the fine first?

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31st Mar 2014 12:54

Be careful what you wish for.

I have no objection to legislation designed to prevent future involvement in avoidance schemes but retrospective changes are just plainly unfair. How on earth is anyone able to make decisions, whether other people agree with them or not, if the government can simply change the rules that applied at the time those decisions were made and then persecute a group of people who were relying on them.

This is pure laziness dressed up as ethics or morals and we should be jumping up and down with rage. But nobody other than those who feel they are affected will do so because presumably, as far as the apparently non affected are concerned, the ends justify the means i.e.  "those tax-avoiders will get what they deserve".

Well it's not the way the law should work in the UK. Everyone should be entitled to certainty in the legislation that exists at the time otherwise who knows where this slippery slope will lead.

Supporters of this legislation - be careful what you wish for!




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