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MIKE TRUMAN looks at the latest draft legislation to attack dishonest agents
KEY POINTS
- Dishonest agent legislation is in the draft Finance Bill.
- Definition of wrongdoing now requires dishonesty.
- Documents covered are now defined but the definition is quite wide.
- Agents’ rights are still weak when HMRC apply to seize documents.
- It is still the individual who is fined including employees not the firm.
The consultation originally known as Working with Tax Agents has had a chequered history. To begin with it keeps getting confused with the ‘tax agent strategy’ for the understandable reason that the latter is indeed about how HMRC can work better with tax agents.
By contrast Working with Tax Agents is actually about not working with tax agents; it is about HMRC leaving an agent’s front door on his hall...
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