TaxCorporate TaxProtection needed for small companies, advisers say

Protection needed for small companies, advisers say

Arctic case provokes angry fallout between advisers and HMRC

Tax advisers are pushing for greater protection for small businesses from the
taxman in the wake of Arctic Systems’ victory last week.

Mike Warburton, senior tax partner at Grant Thornton, is quoted in
The Sunday Times this weekend saying: ‘[The Revenue used] its
power and resources to bully a number of taxpayers into accepting their view of
the legislation – not because they agreed, but because they could not afford to
fight back. By picking on a soft target they nearly got away with it,’ he said.

The case caused a great deal of concern amongst advisers, not least because
HMRC appeared to attempt to bully small businesses into submission on the issue
by not paying for the test case.

Warburton and others are pushing for greater protection for small businesses
from those tactics, amidst fears expressed by Warburton that the Treasury ‘may
try this on again with the next soft target they can think of.’

Related Articles

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

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

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m 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

3m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson