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Forum to check out HMRC's new powers

HMRC sets up board of business and accounting experts to avoid problems such as those encountered during the introduction of self-assessment tax filing

Written by Kevin Reed

In a bid to avoid the problems that haunted the introduction of self-assessment tax filing, the taxman is setting up a board of business and accounting experts to run the rule over its new powers.

In a column in this week’s Accountancy Age, HMRC permanent secretary for tax Dave Hartnett says that a forum will oversee the implementation of the new powers, and that he will chair it.

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‘It is vitally important we get this right and learn lessons from the introduction of self-assessment, where we ended up with more complex arrangements than anyone had envisaged,’ he writes.

HMRC’s revamped powers include a new penalty scheme for non-payers and late payers, and greater power to undertake compliance checks at premises, include the right to investigate a business’s record-keeping.

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