HMRC have published a consultation document today (Raising The Stakes On Tax Avoidance) that makes proposals on two avoidance issues:
"The first proposes a new set of obligations for high-risk promoters, their intermediaries and users.The consultation closes on 4 October 2013.
The second is to encourage users of avoidance schemes to settle their tax affairs after similar cases have lost in court or tribunal.
The Government also seeks views on a proposed extension to the prescribed information to be provided under the Disclosure of Tax Avoidance Schemes (DOTAS) rules."
Meanwhile in a document entitled "Tempted By Tax Avoidance?", HMRC attempts to dissuade people from using tax avoidance schemes by warning of potential lengthy litigation etc etc.
All very well, except that the document also goes on about "tax dodging" and "breaking the law by evading tax"; thus confusing the issue, and implying that tax avoidance and evasion are the same.
Does HMRC not know the difference?
Tax does have to be taxing.
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"One thing I think that Japan is known for is that it is very good at managing and protecting the status quo. Change in Japan can be difficult to implement."
ReplyDeleteMichael Woodford ex.CEO & Whistleblower Olympus Corporation & author of "Exposure" Silenced. Threatened. Time to Fight Back.
Sunday Times, FT & Independant Business Person Of The Year.
A manager with integrity, honesty, capability & well versed in corporate governance.
2 questions for Ken and readers:-
1. Do you know of a largeish UK organisation that is not very good at managing and protecting the status quo and is finding it difficult to implement change? (Clue - very dependant on Toyota/Lean principles)
2. Would that organisation benefit from employing Mr Woodford as CEO? (Clue - Yes)
Over to you Mr Cameron. (Organ Grinder!)
SPARE TAX AVOIDERS...SAY THEIR ADVISORS DAILY MAIL August 13th p.16 cols. 4 & 5 lower.
ReplyDeleteDavid Sproul Deloittes, whose revenues have increased by 8% to £2.5Bn.
Oh yes, and they also employ a certain Dave Hartnett. in case anyone had forgotten!
Pay your tax sheeple and make sure it is the right amount at the right time.
No sweetheart deals down at this end of the market folks.