TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

HMRC Powers

HMRC has published two more consultation papers, as part of its work to modernise its powers, deterrents and accompanying safeguards. The first paper considers options for a new approach to compliance checks, while the second asks for views on the adequacy and effectiveness of current safeguards for taxpayers.

Consultation Document 1:

This consultation document seeks views on a compliance checking framework which would align rules across income tax, corporation tax, VAT, PAYE and NICs. It would also distinguish between nonbusiness and business taxpayers and better align the time-limits for making tax assessments. Closing date for responses: 10 August 2007.

Consultation Document 2

This consultation document seeks views on the adequacy and effectiveness of current safeguards for taxpayers. Annex 1 provides a summary of taxpayer safeguards and HMRC would welcome comments on its comprehensiveness and accuracy. Closing date for responses: 10 August 2007.