Taxman Autumn/Winter 2008

Our Taxman magazine aims to bring intermediaries up-to-date on what’s been happening in the world of tax investigations. This issue includes:

• Clearing the way: Since January 2008 HMRC has been operating a new approach to providing certainty to taxpayer.
• Facts, facts, facts – HMRC’s new information powers: Significant changes to HMRC’s basic information powers were contained in the Finance Act 2008.
• Expecting an inspection? Schedule 36 of Finance Act 2008 introduces a new inspection power and it is clear that this new power will be very relevant to how HMRC responds to tax planning.
• Risk assessment in local compliance: HMRC has recently announced plans for major changes in how it interacts with the 14,000 largest businesses dealt with by its local compliance offices.
• The Monaco commuter: Alistair Darling has recently said he will crack down on people who claim to be ‘out of the country when they are here’ – the so called ‘Monaco commuters’.
• Revisiting time limits and appeals: if HMRC makes a decision on your VAT affairs which you disagree with, what can you do?
  Taxman talks to Tom Cawdron: With over 30 years experience in tax investigations, Tom Cawdron reflects on his career to date.
• Autumn seminars: Details of this autumn’s free seminars looking at the revolutionary changes to HMRC’s ability to access information and how this will affect you and your clients.