Taxman - Autumn/Winter 2007

September 2007

This bi-annual newsletter aims to bring intermediaries up-to-date on what's been happening in the world of tax investigations. This edition includes:

• Arctic Systems judgment: good news for small businesses, but for how long? A significant victory for the taxpayer leads HMRC to rethink the law.
  
  
• Buy-to-let – safe as houses? 20% of landlords may be getting the tax on buy-to-lets wrong.
  
  
• A new approach to compliance checks: A fundamental review of the enquiry and assessment regimes across tax has begun with a new HMRC condoc.
  
  
• Interactive workshops: ‘Relevant and entertaining’ – from the many who have enjoyed and learnt from our events.
  
  
• Offshore bank accounts – identifying outstanding disclosures: 60,000 people registered to make a disclosure of their offshore bank accounts. Many hundreds of thousands more may be burying their heads in the sand.
  
  
• HMRCs litigation and settlements strategy – the way forward: New series of engagement for those involved in tax dispute resolution.
  
  
• A new penalty regime: From March 2008 we enter a new cross-tax penalty regime.
  
  
• Just good sportsmanship: Testimonials for sport stars come under the watchful eye of HMRC.