Tax Lab 5: Tips to Improve How You Document Your Tax Research and Your Technical Analysis

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Tax Research Masterclass: https://www.thetaxprofessionalspodcas...

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Topic:
Tax research: analysis, documenting and reviewing.

Purpose:
To help you improve your documented technical analysis and research, particularly when dealing with complex tax positions.

Scenario:
A Tax Assistant has carried out research to determine how a tax liability should be calculated in the following situation:

An employer should have deducted income tax from payments made to an employee through PAYE but failed to do so correctly at the time. As a result, the employer now owes income tax to HMRC — but how should the liability be calculated?

The Tax Assistant researched, reviewed and analysed relevant tax legislation and guidance but found the research challenging and was not fully confident in their conclusion.

They documented their findings, and during this session, I will review their research document live.

What we covered:
Toughts, tips and advice in relation to:

1. How the tax research could be documented more clearly and effectively

2. How the technical analysis could be strengthened

3. What additional research or considerations might be needed to reach a more robust or complete conclusion