ARTICLE · 07 NOVEMBER 2012

Weekly Tax Update - Monday 5 November 2012

Smith & Williamson

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In February 2012 HMRC announced there would be a range of changes to improve transparency and strengthen their governance of significant tax disputes.

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Richard Mannion

1. GENERAL NEWS

1.1. Code of Governance For Resolving Tax Disputes

In February 2012 HMRC announced there would be a range of changes to improve transparency and strengthen their governance of significant tax disputes and it subsequently published a draft Code of Governance for disputes.

HMRC has now issued the final version of its 'Code of Governance For Resolving Tax Disputes' which includes:

tables detailing the decision making process in standard cases and those impacting more than one taxpayer;
specific approaches for complex cases and sensitive cases (which include those involving tax of at least £100 million);
a specific approach for transfer pricing cases;
a new approach to review settled cases.

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