Modernising Powers, Deterrents and Safeguards: "next steps" paper published | Practical Law

Modernising Powers, Deterrents and Safeguards: "next steps" paper published | Practical Law

On 27 March 2008, HMRC published a paper setting out the responses to the three consultations on:

Modernising Powers, Deterrents and Safeguards: "next steps" paper published

Practical Law UK Legal Update 2-381-2401 (Approx. 8 pages)

Modernising Powers, Deterrents and Safeguards: "next steps" paper published

by PLC Tax
Published on 07 Apr 2008 • England, Wales
On 27 March 2008, HMRC published a paper setting out the responses to the three consultations on:
  • Payments, repayments and debt.
  • A new approach to compliance checks.
  • Penalties reform.
The paper also sets out some further proposals, clarifies a number of issues and highlights the principal changes to the draft legislation exposed as part of the consultation process.
Taken together, these changes represent a major overhaul of the tax compliance system, which will affect all taxpayers.