On Monday 18 November 2019 at 12.30pm -1.30pm we are running a free webinar for CIOT and ATT members that will look at HMRC’s Alternative Dispute Resolution (ADR) service. The webinar is being chaired by Hui Ling McCarthy QC and will feature personnel from HMRC’s ADR Team.
This draft legislation would introduce a new regime giving HMRC the power to issue notices to make directors of companies, together with shadow directors and certain others connected to a company, jointly and severally liable for the company’s tax liabilities. HMRC can issue such notices only when the liability arises or is expected to arise from tax avoidance, tax evasion, repeated insolvency or a penalty for facilitating avoidance or evasion; and where the company begins insolvency proceedings, or is expected to do so, so that there is a risk that some or all of the tax liability will be lost to HMRC.
The CIOT has recently published an update for members which provides information about HMRC’s letters and some guidance to help members decide the most appropriate way to respond if a client receives one of the letters.