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ICAEW: legislation gives too much discretion to HMRC
HMRC have revamped the guidance on the fit-and-proper-persons test for managers of charities published earlier this year.
It incorporates significant revisions, in particular the details on when a charity should notify the Revenue about a manager.
The ICAEW Tax Faculty said it remains concerned that 'the legislation gives too much discretion to HMRC, while at the same time it imposes costly and additional compliance burdens on every charity’.
