Practical points 2018 - Tax administration
Guidance from ICAEW's Tax Faculty for practitioners on the latest developments in policy, practice and legislation related to the administration of tax, covering: Agents and HMRC; Compliance; Tax returns; Tax payments and debts; and Tax payer rights. These brief practical points are published each month in the faculty's magazine TAXline.
HMRC is to review cases where penalties were charged for failing to notify a liability to the high income child benefit charge (HICBC) for the tax years 2013/14, 2014/15 and 2015/16. Alongside this, HMRC is writing to taxpayers who may be liable to the HICBC for 2016/17 and/or 2017/18.
HMRC is proactively reviewing the penalties charged for 2013/14 to 2015/16 where the following circumstances apply: