Tax & Accounting News

HM Revenue & Customs request greater disclosure regime powers

20/12/2006

HM Revenue & Customs have commenced a consultation exercise on proposed new powers in relation to the disclosure regime for tax avoidance schemes.

The new powers would enable them to request further information from scheme promoters, where non-compliance is suspected. The consultation document states that the powers would be effective, proportionate and narrowly targeted.

This is a further example of the current general clampdown on tax avoidance. In relation to this proposed measure, Dawn Primarolo stated "The Government is determined to adopt a robust approach in countering avoidance."

 

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