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Advisers must prepare for the challenges that lie ahead
KEY POINTS
- Tax is being scrutinised perhaps to a greater extent than ever before.
- Will there be greater oversight of the tax profession?
- The impact of HMRC’s focus on digital by default.
- Taxation will continue to be the voice of practitioners.
These are extraordinary times for the tax profession.
Who would have thought that questions about corporate residence transfer pricing and royalty streams to say nothing of tax avoidance and HMRC’s prosecution policy would be the subject of such vigorous public discussion?
What I refer to in shorthand terms as the “Hodge agenda” shows no sign of burning itself out and I am sure that the spotlight will continue to be shone on the tax system for many years.
I do not condemn out of hand everything that has happened recently in...
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