Accountancy Age reports:
The taxman will no longer negotiate settlements with taxpayers who use tax planning that is challenged in court.
HM Revenue & Customs is to adopt a no compromise stance in cases where it believes it has a strong case. In such cases HMRC will not settle for anything less than 100p in the pound.
Quite right too. Abusive tax planning must not be allowed to pay.
I note E & Y do not agree.