Home About Us Careers Tax Rates Resources News info@kabini.com
Resources Taxation News Business Tax News Taxman to pounce on Taxpayers without warning
Taxman to pounce on Taxpayers without warning PDF Print E-mail
Monday, 17 March 2008 00:00

In December 2007, Tax inspectors were granted powers to arrest people where they have suspicions of criminal activity. They can also bug people’s homes and their phone calls, and intercept e-mails and letters.

From 1 April 2009 the Government plans to extend these powers even further by introducing legislation enabling Tax Inspectors:

  •  to visit business premises and to inspect records, assets and premises;
  • to remove VAT and PAYE records;
  • to undertake inspections at private homes without taxpayer consent;
  •  to inspect records required under the record-keeping legislation – this restricts the existing VAT and PAYE inspections to statutory records and introduces a new power of inspection for direct tax;
  •  to require supplementary information which is relevant to establishing the correct tax position;
  •  to require third parties such as banks and building societies to provide information which is relevant to establishing a taxpayer’s correct tax position;
  •  to impose penalties for failure to allow an inspection and failing to comply with an information notice, including a tax-geared penalty which can be imposed by the new upper tier tribunals;
The rules will be updated to make destroying or concealing records requested under a notice authorised by a tribunal a criminal offence.


 
Home | About Us | Services | Careers | Tax Rates | Resources | News | Contact Us

Copyright © AF Kabini & Co. Chartered Accountants