In a report on the fraud, the parliamentary body said: ‘[HM Revenue &
Customs] was unable to show that it had actively stepped up the reporting of
accountants [and] tax advisers to their professional bodies for instances of
misconduct in response to the Committee’s previous report.
‘We recommended that the department should make greater use of sanctions
available to professional bodies to investigate unethical conduct by their
members,’ the report said.
In a letter issued by former chairman Sir David Varney in late 2005, the tax
authority implied that many advisers thought carousel fraud was just
sophisticated tax planning.
The institutes have argued that if there are issues with members, the taxman
should refer them to be disciplined by the institutes.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...