CIOT says new tax rules from ‘Alice in Wonderland’
Institute says a ‘sentence first, verdict afterwards' approach being applied
The CIOT said new penalties legislation has been included in the 2007 Draft
Finance Bill which makes a penalty payable if HMRC think that a taxpayer has
done, or not done, something.
‘This is a significant shift from the taxpayer actually doing or omitting to
do something,’ the CIOT said in its statement.