Tax Penalties Uncovered - Key Elements Explained
There have been a number of cases recently on tax penalties, and your clients need to try and settle matters where it is an issue.
This live broadcast session is suitable for those who are advising on tax matters and need to be aware of the penalty risks resulting from the advice, specifically with regard to the widely defined avoidance related penalties, and how this might be mitigated.
The session will explore historic planning where HMRC may be insisting on penalties as a requirement of settling.
It will also explore the latest draft legislation on furlough fraud and HMRC’s proposal to impose a joint and several penalty on directors who are found to deliberately flout the rules of the government's coronavirus furlough scheme.
What You Will Learn
This live and interactive session will cover the following:
- Careless and deliberate behaviour
- Relevance of careless advice
- ‘Avoidance’ related penalties and the reverse burden of proof
- What is ‘avoidance’ for these purposes?
- When is advice disqualified?
- Addressing risk
- The latest on ‘furlough fraud’ - HMRC & Company Directors
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.