Interpreting interventions

THERE HAS BEEN much discussion in the professional press in recent weeks over the trials by HMRC of the new interventions. Generally speaking the initiative has not been received positively and many commentators have called for a complete rethink of the whole concept. However the fact remains that the initiative is being rolled out and this is not simply an academic matter: intervention letters are being received and have to be dealt with. I therefore thought that it might be of wider interest if I were to give a brief insight into Tenon's current experience of the interventions programme and discuss what practical implications this has had for the way in which we advise clients. This is not to say of course that our approach is necessarily correct or is the only one which can be adopted but I would suspect that many people...