HMRC needs to prove why a criminal offence for reckless, untrue statements is required

ACCA seeks clarity on HMRC’s proposed powers on tax fraud

The Association of Chartered Certified Accountants (ACCA) has pressed HM Revenue and Customs (HMRC) to justify its request for additional enforcement powers targeting taxpayers and advisers engaged in fraudulent or dishonest conduct. The intervention forms part of the ACCA’s response to a UK tax authority consultation. HMRC is considering introducing a new criminal offence covering “reckless untrue statement or declarations in direct tax”. The A…

ICAEW warns against criminalising ‘reckless’ tax declarations

Accountancy body says plans to introduce criminal penalties for untrue statements could deter voluntary disclosures. Read the full story at Accountancy Today.

HMRC needs to prove why a criminal offence for reckless, untrue statements is required

Global leading accountancy body asks why existing civil and criminal powers are not sufficient   The UK tax authority needs to demonstrate why it wishes to acquire greater powers to deal with taxpayers who are fraudulent and dishonest.   Responding to a consultation by HMRC on introducing a criminal offence for making reckless untrue statements or declarations in direct tax, ACCA said that it recognised the government’s objective to strengthen t…