SME tax disputes

Small businesses will be able to settle tax disputes with HM Revenue & Customs (HMRC) without having to go to a tribunal, under new plans unveiled today.

Table of contents

SME tax disputes

Small businesses will be able to settle tax disputes with HM Revenue & Customs (HMRC) without having to go to a tribunal, under new plans unveiled today.HMRC has launched a pilot scheme called Alternative Dispute Resolution (ADR) aimed at small and medium-sized enterprises (SMEs) which will allow them to resolve any tax issues resulting from an HMRC compliance check before a decision or assessment has been made.Jim Stevenson, HMRC assistant director, local compliance, said: ‘ADR will help SMEs resolve disputes without having to go to a tribunal, saving them both time and money. It is a good opportunity for HMRC to work together with our customers to potentially resolve disputes much earlier than at present.‘We have found that often there are communication problems. So the HMRC facilitator will help all parties reach a shared and full understanding of the disputed facts and arguments. The aim is to resolve the dispute or, if not, as many issues as possible.’The pilot is taking place in North Wales and the North West following an earlier trial where 60% of disputes were either fully or partially resolved.Andrew Gotch, chairman of the Chartered Institute of Taxation’s owner managed business sub-committee welcomed the move.‘ADR has the potential to be a valuable Gordian knot-cutter in investigations and technical disputes that have run into the sand. Anything which can help resolve disputes between HMRC and taxpayers to mutual satisfaction without the need to resort to expensive and time-consuming litigation has to be good news for all sides.’

Join our Newsletter

Subscribe and get the latest updates about inheritance tax and Estate Planning into your mailbox.

Contact Us

Bluebond Tax Planning
5 PalmerstonDrive,
Wheathampstead,
Herts,
AL4 8FE

Tel: 020 8895 6157 (clients only)
Tel: 01582 832253 (suppliers only)

Email:

enquiry@bluebond.co.uk

How can you pay
ZERO inheritance tax ?

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

Copyright © 2020 Bluebond.co.uk
-
Copyright Notice
-
Legal Disclaimer
-
Terms & Conditions
-
Privacy Policy