Vir Cantium

I'm right, you know …

HMRC Dictionary Dodgers

Dictionary indents.

From the current issue of “Working Together” (pdf, page 9), part of the ongoing liaison process between HMRC and accountants :

HMRC recommends you advise your clients that from 6 April 2011, customers avoiding tax by hiding money in offshore accounts could face new penalties of up to 200 per cent of any tax they may evade.(emphasis mine).

It really doesn’t instill much faith in the rule of law if even HMRC don’t know the difference between evasion and avoidance, does it?

(And that’s putting aside for a moment the point that any accountant who is aware that a client is deliberately hiding funds in order to evade tax should advise them to come clean, or refuse to act if they don’t, and is under a legal obligation then to report them in such latter cases.)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: