Tax update December 2017

In this month’s update we report on HMRC’s increased activity in respect of the so-called Panama Papers; HMRC’s new guidance in relation to “enablers” of defeated tax avoidance schemes; new settlement terms concerning disguised remuneration; and HMRC’s updated Litigation and Settlement Strategy

We also report on three recent cases on discovery assessments; the correct treatment of a purported amendment to a return; and information notices.