Cracking the code

In the increasingly frenetic world human nature is to find ways to do things quicker. What could be simpler than shortening phrases into three or four letter abbreviations and acronyms that everyone understands?

Few taxpayers understand the HMRC jargon and it is hampering efforts to help employers understand their filing obligations as Allison Plager pointed out in her article (‘There’s more to life…’  Taxation 10 November 2016 page 14). On top of the multitude of other tax law changes the recent proliferation of abbreviations and acronyms on topics related to tackling avoidance and evasion may be difficult for advisers to keep up with. So here is a brief guide...