Information provided to the National Criminal Intelligence Service as part of new money laundering legislation could be made available to all sections of the Inland Revenue after a decision to widen access to the intelligence.
Link: Revenue inspectors don’t understand IT
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.
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