HMRC ups the ante with requirement to correct tax rule

HMRC is ramping up its counter avoidance activity with a mission to target wealthy taxpayers, tough requirement to correct rules and threats of more criminal action against taxpayers, warns Dawn Register, partner in BDO’s tax dispute resolution team

2018 will see the culmination of many years of work by the tax authorities in updating their powers, gathering data from around the globe and using technology to target enquiries. HMRC’s refreshed strategy document, published in 2017, is an interesting starting point. This states that a key objective is to ‘maximise revenues’ and ‘bear down on avoidance and evasion’.

This will ring alarm bells for many who would probably think the tax authorities’ objective is simply to collect the ‘right amount of tax’.

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