Guidelines for compliance were announced in November 2021 as part of the review of tax administration for large businesses.
They offer HMRC’s view on complex, widely misunderstood or novel risks that can occur across tax regimes, including guidelines for employers, corporation tax and VAT.
The guidelines will include best practice examples to follow and steps to:
- help the reader understand HMRC’s expectations and avoid non-compliance
- highlight approaches that can lead to inaccuracies and the need to pay more tax, interest and penalties
- offer insights into the practical application of the law and HMRC’s administrative approaches, expanding the scope of HMRC material, beyond interpretation of the law.
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