STEP Jersey - HMRC’s new connect system and aggravated penalties & tiea update

HM Revenue & Customs (HMRC) are continuing in their pursuit of those it suspects of not paying their fair share of tax through either tax avoidance or tax evasion. Paul Malin will identify firstly how HMRC are working smarter (not harder) to identify errant taxpayers and secondly how they then seek to impose additional aggravated penalties if they suspect steps have been taken to either move or hide the ill-gotten gains. Who exactly are they after and who will be paying the penalties?

The second part of the seminar will feature Justin Harvey-Hills who will be examining the latest developments in the law concerning requests made by foreign revenue authorities under the numerous tax information exchange agreements (TIEAs) to which Jersey is now party. Justin has been involved in all bar one of the appeals that there have been in Jersey against TIEA notices and he will look in particular at the legality of requests and the practical issues that arise for institutions and underlying clients when they are faced with a TIEA notice. He will also be discussing the latest developments in the Larsen case (in which he is counsel) and which is due to go to the Court of Appeal on 25 July 2016.

For more information and to book a place click here.