Tax Enquiries: Closure Rules
HMRC seeks views on a proposal to achieve earlier resolution and certainty on one or more aspects of an enquiry into a tax return.
The Government proposes to enable HM Revenue and Customs (HMRC) to refer matters to the Tribunal with a view to achieving early resolution of one or more aspects of an enquiry into a tax return.
The Government seeks views on this proposal to reflect the complex nature of contemporary tax affairs and to modernise the administration of the tax system by increasing flexibility. This consultation proposes changes to the Self Assessment enquiry framework in respect of Income Tax, including National Insurance Contributions (NICs) Class 2 and 4 in certain circumstances, Capital Gains Tax and Corporation Tax.
We welcome views from representative bodies, tax advisers, promoters, businesses and individuals plus other interested parties.