It will follow draft new PAYE regulations this spring, she said during a debate on the second re-write bill on earnings and pensions.
Primarolo assured MPs the legislation is clearer and easier to understand – but has not been ‘simplified’ and contains only minor changes in the law, most of them in the favour of taxpayers.
She said the only way to avoid complex provisions was to get tax planners ‘to agree a truce under which they would stop their creative tax planning and we would not need our anti-avoidance legislation’ adding: ‘I live in hope, but I think not’.
She was responding to Tory spokesman Stephen O’Brien, who complained that despite computerisation and the use of companies to pay benefits, the cost of running the Inland Revenue and Benefits Agency or equivalent have soared from under £1bn in 1950/51 at 2001 prices to £6bn now.
The bill was approved without a vote.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC