1.
Naming and Shaming
In particular circumstances, where a taxpayers' actions lead to a loss of tax to HMRC in excess of £25k, it is HMRC's intentions to publish the names of those taxpayers.
2. More Detailed Accounts Required
Taxpayers incurring a penalty for the deliberate understatement of tax of £5,000 or more will be required for a period of up to 5 years to annually provide HMRC with more detailed accounts information .
Although we don't envisage any of our clients falling foul of HMRC's new proposals we thought we should let you know.