London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Digital Dilemmas

HMRC's stance in the recent case of Raymond Tooth does not bode well for the proposed Making Tax Digital requirements.

In this case the taxpayer entered into a planning arrangement; the software used to prepare his return could not process the transaction and so a work-around was advised; this was done and full disclosure made on the return.

HMRC sought to make a late discovery assessment in the grounds that the taxpayer had deliberately understated his tax liability.  They lost - the judge said that HMRC's argument was unreasonable.

However, with even tighter time pressures on both quarterly and annual returns and a likely requirement for new software under Making Tax Digital, some acceptance from HMRC that people trying to do the right thing should not be penalised would be reassuring - to me at least.



Date: 8th December, 2016
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn