Podcast Location:
Download it here [file size: 26.2 MB]
Categories:
Tax Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to familiarise listeners with the scope and powers of HMRC to make an inspection of a business’ or individual’s tax returns and what consequences may flow from that. It will address the way inspections are conducted, how to respond to them, ways to mitigate any penalties that might be imposed and what happens if you wish to challenge a final determination of HMRC.

Outcomes:
After completing the course you will:
  • Understand the way HMRC obtains information that will trigger an investigation;
  • Be aware of how HMRC approaches inspections between different types of cases;
  • Be aware of the Lichtenstein Disclosure Facility and what it does;
  • Be aware of the range of penalties that HMRC might impose on a tax payer;
  • Understand the role of lawyers and accountants in a inspection;
  • Be aware of what steps can be taken where no settlement is in prospect.
Level:
Specialist Difficulty: 5 of 5
Classification:
Practical Guide
Sources and References:
  • HMRC Code 8: Tax avoidance;
  • HMRC Code 9: Cases of suspected serious fraud.
Tags:

This podcast is about the inspection regime operated by HM Revenue & Customs to investigate whether sufficient tax is paid by individuals and businesses.

Podcast last reviewed: 2011-05-31

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