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Clearer lines of communication
Manage episode 307570442 series 2762247
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With increasing pressure on HMRC to collect more tax with less resource, it is more important than ever to communicate effectively with HMRC. In this episode we are joined by Annis Lampard, who leads the tax disclosure and transparency team at Deloitte, to discuss the benefits of a more open dialogue with the Revenue and the steps you should take to improve lines of communication.
With a particular focus on wealthy individuals and mid-size businesses, Annis provides practical advice for taxpayers and their advisors and shares her tips on how to avoid misconceptions, and correct misunderstandings in order to identify what it is HMRC requires and thereby minimise the risk of a formal dispute arising.
References
· Litigation and Settlement Strategy
· Research Report: tax compliance behaviour among the wealthy
· Taxing Matters: Alternative Dispute Resolution
· The Common Reporting Standard: An HMRC game changer?
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