Taxes Management Act

The book explains the disparate legislative provisions which set out compliance, penalties and powers of the Inland Revenue in respect of all mainstream UK taxes. Whilst each type of tax is treated thoroughly, the work also focuses on issues of interest across the taxing statutes, e.g. appeals. It concentrates on the impact of penalties, back duty and interest charges, as the consequences of falling foul of the provisions are highly punitive. The ability of tax payers to challenge the Inland Revenue is also discussed, particularly in light of recent case law, e.g. R v IRC. Also contained is coverage of the new system of self assessment for personal taxation which will be introduced in the Finance Act 1994 and the new system of pay and file for corporation tax, to be effective from September 1994 when the first returns will be made.
 
The book explains the disparate legislative provisions which set out compliance, penalties and powers of the Inland Revenue in respect of all mainstream UK taxes. Whilst each type of tax is treated thoroughly, the work also focuses on issues of interest across the taxing statutes, e.g. appeals. It concentrates on the impact of penalties, back duty and interest charges, as the consequences of falling foul of the provisions are highly punitive. The ability of tax payers to challenge the Inland Revenue is also discussed, particularly in light of recent case law, e.g. R v IRC. Also contained is coverage of the new system of self assessment for personal taxation which will be introduced in the Finance Act 1994 and the new system of pay and file for corporation tax, to be effective from September 1994 when the first returns will be made.