Government concessions built into the bill have allayed business fears that new’heavy handed’ measures would allow the Inland Revenue raid offices with searchwarrants to obtains clients documents.
New powers will allow the taxman to obtain an order from a circuit judgerequiring suspects to hand-over documents normally within 10 days.
The proposed measures aim to allow the Revenue rapid access to sensitivedocuments without the need to obtain a search warrant.
The tax fraud measures will no longer allow the Revnue to seize documents thatare protected by legal privelage.
Brian Baker, national director of revenue enquiries at top 10 charteredaccountants HLB Kidsons said: ‘If the powers are not abused they will bewelcome.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.