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Stop the clock

01 July 2008 / Rob Durrant-Walker
Categories: Comment & Analysis , HMRC powers , Admin
The Government plans new time limits for the making of assessments and claims under TMA 1970. ROB DURRANT-WALKER explains the proposals

KEY POINTS

  • A summary of the existing time limits
  • The thinking behind the consultation process
  • The time limits proposed in Finance Bill 2008
  • A comparison of the main changes

Mother always told me that if I wanted to know the time ask a policeman. Unfortunately my first direct contact with the police was at a roadblock on the way to a Division Two match against Grimsby Town and having the boot of the car searched.

Irreproachable yet we were forced to take from the boot the cans of beer and empty them out by the side of the road and then allowed to continue on our way.

With HMRC policing the time limits under the Taxes Management Act I sense that despite recent consultation on the changes on the...

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