An inspector calls: HMRC’s new extended powers
Posted by Phill Robinson in Tax, In business on Tue, 02/02/2010 - 12:27
- HMRC has increased powers to pursue mainstream business tax liabilities
- There are likely to be more discovery assessments under the new regime
- This will require greater collaboration between taxpayers and advisers to plan records
- The new compliance regime will focus intensely on business records - keep them in good order
Under its new extended powers HMRC is opening enquiries with more certainty of getting a financial result than ever before, so it’s essential that accountants prepare their clients in advance, argues Phill Robinson.
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