
We mentioned in our earlier news article - HMRC Targeted Campaigns Move On to VAT - that HM Revenue & Customs (HMRC) had set up a section on their website to monitor previous, current and anticipated Campaigns or "Amnesties". It is at HMRC Campaigns
It is expected that these campaigns will be a feature of the tax landscape for the next several years, so this new section will become increasingly important over time. This is because - so far at least - HMRC will not allow advantageous terms for current disclosures, from taxpayers who could have made disclosures in earlier campaigns.
We observed in our earlier article that this could make disclosure quite problematic, as the number and/or potential scope of targeted campaigns increases.
Also, by looking forwards to future campaigns, the HMRC Campaigns section helps to give taxpayers even more time to get their affairs in order - although there remain concerns about how taxpayers will be treated if they want to get their affairs in order 'ahead of schedule' - i.e., before the 'official launch' of a particular campaign.
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