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Tuning in on trust
Key points
- HMRC’s strict approach policy when minor errors have a disproportionate effect on tax liabilities.
- Tribunal and court cases illustrate the unfair results that can arise from prescriptive legislation.
- A penalty was charged as a result of an incorrect tax return entry even though the P60 pay figure had been confirmed by the employer.
- HMRC applies the law irrespective of fairness resulting in windfall tax or penalties.
- TMA 1970 s 8 and s 100 processes will be automated but this should not be done with retroactive effect.
The law reports are full of cases where taxpayers have made a small error in their paperwork which has led to a disproportionate effect on their tax position. In each of these cases HMRC has insisted on...
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