Weekly tax brief - 1 June 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments…

HMRC announces crackdown on routine tax planning

01 June 2016

HMRC’s latest single departmental plan has just been updated, and announces (amongst other things) plans to invest in tackling tax evasion and non-compliance, improve customer services and increase prosecutions. However, a new commitment to tackle ‘tax planning’ marks a sea-change in HMRC’s approach…

New broom opens first major economic debate of new Scottish Parliament

01 June 2016

This week saw the Scottish government's new economy secretary, Keith Brown, hold his first economy debate of the new Scottish parliament. Over the next few months Mr Brown will really have his work cut out – especially in light of figures just published which will almost certainly be giving him sleepless nights over the Scottish property market…

Chance for tax simplification goes begging as government ignores the obvious

01 June 2016

Last week we saw the release of a number of corporate tax consultations announced in the Budget earlier this year. The government has already pledged to make the UK tax system simpler, so have they missed a trick here?

Jumping the gun - HMRC's increasing trend towards penalties for 'deliberate' errors

01 June 2016

HMRC’s increasing trend in arguing that errors on tax returns are the result of ‘deliberate’ behaviour rather than genuine mistakes has not gone unnoticed in tax brief. And more recently, a Tax Tribunal case has proved what we believed all along…

My HMRC - right or wrong?

01 June 2016

It’s a simple error – you pick up the wrong form, fill it in, and send it off to the authorities. In most cases you can fill in a new one, and hey presto – the mistake is rectified. But sadly not when it comes to applying for tax relief it appears…

Real time information should be a two way process

01 June 2016

This week HMRC has published a chart showing its most senior posts within the organisation, and where they fit within the structure. So imagine our amazement when ex-Chief Executive Lin Homer’s name appeared – especially as she stood down in April.