In the past information reached only as far as the Revenue’s Special Compliance Office but new proposals allow the information to be handed as far as ‘local offices’ where it could be put to further use.
‘It’s a new development to make NCIS information more available across the department,’ said Clive Stephens of the SCO. As part of its enlarged focus, the Revenue has also increased the number of permanent staff at NCIS from one to seven.
The changes to Revenue policy are further signs of its ongoing determination to clamp down on tax avoidance and evasion. ‘The net is closing,’ said Stephens.
As part of the anti-money laundering recommendations accountants will have to submit suspicious activity reports to NCIS or risk a jail sentence for failing to do so.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year