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...
About Robert Lovell
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