Taxpayers and advisers make widespread use of HMRC’s guidance when interpreting the tax legislation. 

However, the guidance is often of limited value in a dispute with HMRC, and there is an increasing trend of HMRC “clarifying” guidance, sometimes with purported retrospective effect. In this article for Tax Journal, Sarah Ling and Jack Slater comment on HMRC guidance and when it can be relied upon. 

Read the full article.