Legislation due on Revenue and Customs merger
The government is to legislate in the coming year to merge the Inland Revenue and HM Customs and Excise, it was revealed in the Queen's speech today (Tuesday).
If the timing of the General Election – expected in May – permits, they will become a single body called HM Revenue and Customs within 12 months.
Commons leader Peter Hain told Accountancy Age that the bill would be introduced before Christmas, and getting it on the statute book as soon as possible was a priority.
The amalgamation follows the review of their functions by Treasury Permanent Secretary Gus O’Donnell.
The Commissioners for Revenue and Customs Bill will also create a new prosecution office to progress cases in England and Wales. It will be responsible to the Attorney General as well as the Chancellor of the Exchequer.
Ministers believe that the merger will provide a better ‘joined up’ service for tax collection, save 3,000 jobs and make the system fairer for clients.