TaxCorporate TaxICAEW urges safeguards against abuse of powers by HMRC

ICAEW urges safeguards against abuse of powers by HMRC

ICAEW president calls on parliament to insert safeguards against new HMRC powers in the finance bill

New ICAEW president David Furst is to push the government to safeguard
taxpayers from sweeping new HMRC powers.

A partner at Horwath Clark Whitehill and national head of the firm’s
professional practices group, Furst this week called on parliament to insert
safeguards against new HMRC powers in the finance bill.

The powers would let HMRC officials turn up at business premises ­ including
those of third parties such as tax advisers ­ and inspect books and records.
There would be no prior warning or right of appeal.

‘There is potential for the powers to be used by individual officers in a way
which is inappropriate and unacceptable,’ Furst said. ‘The ICAEW will be
lobbying very hard for any new powers to be subject to limits and conditions,
with safeguards spelled out in statute.’

Furst was a founding committee member of the Association of Partnership
Practitioners, an organisation with members in partnership law and practice,
including accountants, tax advisers, bankers and lawyers. He is also a member of
the APP multi-disciplinary practice subcommittee.

The ICAEW has also announced that Philip Hollins, partner at UHY Hacker
Young, is the new chairman of the council. Martin Hagen, chairman of the
accountancy bodies’ professional standards board, is deputy president. And
Gerald Russell, senior partner at Ernst & Young, takes on the role of
vice-president.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2w Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2w Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

2m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

3m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

3m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

6m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

6m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

7m Alia Shoaib, Reporter