Equitable liability finished?

Equitable liability finished?

Didn't find your answer?

Sorry, it's only today I'm back in the office so apologies if this has already been mentioned.

Just been looking at all the details from the Budget. Tucked away in a Supplementary Documents section is a document detailing the withdrawal of certain ESCs. At the back of this, the Revenue are stating they are doing away with Equitable Liability.

I wonder if the professional bodies have anything to say on this.
Peter Cane

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By Peter Cane
01st May 2009 09:21

Supplementary document
It's here http://www.hmrc.gov.uk/budget2009/withdrawl-esc-6400.pdf

The document talks about withdrawing certain Extra Statutory Concessions, but right at the end on page 15, they include equitable liability

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By User deleted
30th Apr 2009 16:12

Equitable Liability withdrawal
Having used EL a number of times I am quite concerned about this but cannot find where in Supplementary Documents this is covered. Please will you point me in the right direction?
Thanks

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By AnonymousUser
29th Apr 2009 21:10

Taxaid probably will have
It has not escaped the attention of the professional bodies and I'm sure TaxAid will be making representations as well. With the reduction from 6 to 4 years for claims it was likely that it would be used more in the future.

You can always make your own representations - the more made the more likely that they will be heard.

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