HMRC has substantially revised its guidance on follower notices and accelerated payments, published in draft in July 2014, to support the ongoing drive for new anti-avoidance legislation. This covers the NICs aspects contained in s 4 and Sch 2 of the NIC Act 2015 in addition to the taxes legislation in FA 2014 Part 4. Separate guidance will be issued on the extension of accelerated payments to schemes involving group relief, introduced by FA 2015.
Meanwhile, HMRC has updated its factsheet, Compliance checks: tax avoidance schemes – accelerated payments CC/FS24, to highlight certain differences in the penalty treatment of ‘accelerated partner payments’.
HMRC has substantially revised its guidance on follower notices and accelerated payments, published in draft in July 2014, to support the ongoing drive for new anti-avoidance legislation. This covers the NICs aspects contained in s 4 and Sch 2 of the NIC Act 2015 in addition to the taxes legislation in FA 2014 Part 4. Separate guidance will be issued on the extension of accelerated payments to schemes involving group relief, introduced by FA 2015.
Meanwhile, HMRC has updated its factsheet, Compliance checks: tax avoidance schemes – accelerated payments CC/FS24, to highlight certain differences in the penalty treatment of ‘accelerated partner payments’.
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