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With great power…
Key points
- An evaluation of HMRC’s new powers.
- The themes of tackling avoidance ensuring compliance and tackling enablers.
- Implications of the serial tax avoiders regime.
- Increasing civil penalties for non-compliance involving offshore tax.
- Introduction of civil penalties for enablers of offshore tax evasion.
- New penalty for enabling the use of a tax avoidance arrangement that is defeated by HMRC.
- Will the review improve confidence in the department?
Since the 2008 financial crash there has been a steady flow of articles in Taxation commenting on new legislation designed to assist tax compliance and combat tax avoidance. Often such comments have touched on a perceived tilting of the balance of rights and obligations between taxpayer and HMRC in favour of the latter. The decision last year by HMRC to carry out an evaluation of the powers and safeguards introduced since 2012 was perhaps a recognition of such concerns (
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