Administration

  • Making Tax Digital: rules for digital record keeping and reporting by businesses for income tax purposes, in general from 6 April 2018.
  • Offshore evasion – requirement to correct: a requirement to correct past errors by 30 September 2018, or incur a new ‘failure to correct’ penalty.
  • HMRC access to data held by money service businesses: existing bulk data-gathering powers extended to such businesses from Royal Assent.
  • Penalties for enablers of defeated tax avoidance schemes: for steps taken on or after the date of Royal Assent.
  • Enquiries into a tax return: provision for partial closure notices to resolve individual matters before an enquiry is brought to an end, from Royal Assent.
  • Penalties: taking certain types of advice in relation to tax avoidance arrangements will not constitute taking reasonable care as regards tax periods beginning on or after 6 April 2017 and ending on or after the date of Royal Assent.
  • Promoters of tax avoidance schemes (POTAS): rules to prevent promoters avoiding the POTAS regime by the use of associated and successor entities, from 8 March 2017.