Rumour has it that HMRC is taking a harder stance on the application of penalties during enquiries. This translates to them applying the penalty for deliberate behaviour to situations that others might characterise as no more than a failure to take reasonable care. The primary effect of this is to increase the maximum penalty loading for a prompted case from 30% to 70%.
In our latest Croner Tax Briefing, Senior Tax Consultant Neil Tipping examines how the case of Mr Anthony Clyne v The Commissioners for H M Revenue & Customs  highlights the problems that are being faced.
To access this briefing, simply click the download button.