HMRC powers – a step too far? By Rebecca Benneyworth
Its too late to change the 2008 finance bill, says top tax lecturer, Rebecca Benneyworth, but there is still the Taxpayer's Charter...
The professional bodies have expressed significant concern about the new powers available to HMRC proposed by the Finance Bill 2008.
Continued...
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Ah but...
To be fair regarding penalties for errors.. (I quote) "To err is human, but to forgive is now HMRC policy". This refers to the new NIL penalty for errors having taken reasonable care (within a person's abilities and circumstances).
At least this is one area where I wholeheartedly agree with the new legislation. Not being bashed over the head for a simple error is a great step forward.
The next step is to enshrine both sides' rights and responsibilities in a robust taxpayer's charter with statutory force.