Gary Brothers outlines HMRC’s approach to settling historic avoidance arrangements and wonders whether there are better ways to go about it.
Too much thinking time is seldom a good thing for me! As I sat in my office looking over the glorious Yorkshire countryside, scoping out my article for this magazine, the subject changed almost in front of my eyes. What was a ‘thought piece’ about Spotlight 68 (the use of pre-paid debit and credit cards) morphed into a much more rambling dissection of just what HMRC are thinking in their, no doubt, well-intentioned efforts to remedy historic arrangements. In my opinion as a seasoned practitioner, they fall short of offering any real incentives to help HMRC in their efforts to equalise those arrangements. So, let’s go and see where my ramblings take us, but a warning for you – Grumpy Old Man alert!
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