CIOT says new tax rules from ‘Alice in Wonderland’
Institute says a ‘sentence first, verdict afterwards' approach being applied
The Chartered Institute of Taxation has
accused the HMRC of following the
Red
Queen in Alice in Wonderland’s ‘sentence first, verdict afterwards’ approach
in implementing new tax rules.
The CIOT said new penalties legislation has been included in the 2007 Draft
Finance Bill which makes a penalty payable if HMRC think that a taxpayer has
done, or not done, something.
‘This is a significant shift from the taxpayer actually doing or omitting to
do something,’ the CIOT said in its statement.
Further reading:
HMRC attempts to clarify composites’ tax rules
CIoT tries to engage with school kids about tax
CIoT concerned over CGT spouse avoidance rules
