The FCA's Sustainability Disclosure Requirements
David Soerensen and Chris Hickey look at what the FCA's new sustainability disclosure requirements and labelling regime, soon coming into force, means for fund managers.
The Tax Break | Tooth v HMRC: what now for discovery assessments in tax investigations?
enMay 19, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
Discovery assessments are issued by HMRC inspectors to charge individuals and companies for lost tax. They have generated a huge volume of caselaw and the latest case looked at:
1) What constitutes a deliberate inaccuracy by the taxpayer? This matters because a deliberate loss of tax gives HMRC much longer to raise a discovery assessment. Broadly, the Supreme Court decided that only an intention to mislead counts and where an inaccurate entry is explained elsewhere in the document (a so called white space disclosure), there won't have been a deliberate inaccuracy.
2) Can a discovery assessment become stale if HMRC don't act quickly enough? The Supreme Court held not: despite a recent trend in the cases supporting this type of argument, the Supreme Court decided that, provided the statutory time limits are complied with, there is no additional requirement to act promptly.
Recent Episodes from Osborne Clarke.TV Podcasts
Building Women | Nicole Geoghegan – Supersized Infrastructure, Adding Value and Supportive Partners
Eight questions, two people, one industry: Our impressive guests share their stories and we celebrate their successes in a male-dominated construction industry
Telecoms takeaway | The evolution from Telco to Techco
Osborne Clarke's Future of Financial Services Week 2024
Seirian Thomas, Nikki Worden and Paul Harris discuss Osborne Clarke's upcoming Future of Financial Services Week, which will cover the themes of AI and data, regulation, marketing and ESG, and fundraising. The events kick off on 5 February 2024 – please register online and join us!
Lessons from the Post Office Inquiry - when can a bidder be excluded under public procurement rules?
Financial Services Regulation: 2023 Review and What's Ahead in 2024
What impact will Artificial Intelligence have in the Energy Sector?
Building Women | Caroline Saul - From Barry to Singapore
In this inaugural episode, Julia Jolley chats to colleague Caroline Saul, Project Finance Partner at Osborne Clarke, about:
- what makes her tick;
- who her biggest cheerleaders are; and
- the main barriers to moving towards more sustainable energy methods in the industry.
The Procurement Act and Net Zero
OC Ventures | Understanding the VC Term Sheet
In this first of a four-part series of OC Ventures podcasts, Eleanor Owen and Olivier Jacquelin delve into the Term Sheet – a critical document for investees and investors alike.