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Topical tax compliance issues discussed at a recent joint workshop between agents and HMRC.
KEY POINTS
- Reminder that the new professional conduct in relation to taxation guidance comes into effect from 1 March 2017.
- The case study concerned a €2m inheritance that needed to be disclosed.
- Problems that can arise when a client takes advice from a friend.
- Action to take when the client/adviser relationship breaks down.
Concerns raised about Making Tax Digital
On 4 November 2016 Taxation hosted a joint HMRC/agent workshop. These events have become as much part of the November calendar in recent years as bonfire night but fortunately not as explosive. Sixty attendees representing HMRC and a mix of the professional bodies exchanged thoughts and learned from each other in a positive and constructive environment.
The subject was topical compliance and HMRC’s Dave Wood reminded the meeting of the department’s trifold approach to...
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