Head of the Fut coins firms Tax I

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Head of the  Fut coins   firms Tax Investigations team, Iain Macleod   http://www.fifacoinsltd.com/    goes on to question whether officers following set lines of enquiry and target timescales will have sufficient flexibility to reach the right result for the taxpayer.Enquiries can drag on for many years, so anything that speeds up enquiries, encourages HMRC to move on where nothing significant emerges and involves early dialogue is to be welcomed. It is also good that HMRC recognises how important it is to get this right and is taking more time over the trial, a former tax inspector for 26 years, Iain said.

Whether the trial will ultimately identify techniques and processes that will routinely see enquiries concluded quickly and thus make significant inroad into cases, however, is yet to be seen.When using the SCP, HMRC will share with the taxpayer defined aspects which it believes are potential risks and only pursue lines of enquiry on that basis, rather than take a fishing trip into all of the clients books and records.