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HMRC told to get a move on by MPs?

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    HMRC told to get a move on by MPs?

    MPs tell HMRC to pick up the pace of tax investigations - BBC News

    Up to £10m of taxes avoided by 2,000 users of a scheme known as Liberty may not be recoverable, the Labour MP said, because in 30 cases HMRC failed to start inquiries into personal tax returns within the 12 month deadline.

    I thought HMRC could take as long as they like if they had suspicions?

    #2
    Originally posted by MickeyP View Post
    MPs tell HMRC to pick up the pace of tax investigations - BBC News

    Up to £10m of taxes avoided by 2,000 users of a scheme known as Liberty may not be recoverable, the Labour MP said, because in 30 cases HMRC failed to start inquiries into personal tax returns within the 12 month deadline.

    I thought HMRC could take as long as they like if they had suspicions?
    The MP's are just trying to grab headlines and as usual are not overly bothered by the facts and in this they are aided and abetted by the newspaper editors.

    In Liberty, HMRC failed to identify 30 people who had done the planning until after the deadline for opening an enquiry. That's about 1.5% of the total participants in a scheme designed to be secretive and where "disclosure" was done in a way that was not easy to spot.

    Once an enquiry is properly opened, HMRC can take their own sweet time in advancing it.

    Comment


      #3
      Originally posted by Rob79 View Post
      The MP's are just trying to grab headlines and as usual are not overly bothered by the facts and in this they are aided and abetted by the newspaper editors.

      In Liberty, HMRC failed to identify 30 people who had done the planning until after the deadline for opening an enquiry. That's about 1.5% of the total participants in a scheme designed to be secretive and where "disclosure" was done in a way that was not easy to spot.

      Once an enquiry is properly opened, HMRC can take their own sweet time in advancing it.
      Thought as much. Why let the facts get in the way of a good story eh?!

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