The EC is asking governments to speed up information flows, establish clearer and more binding rules on cooperation, provide more information on a routine, automatic basis and enhance systems for the transmission of information.
The regulation extends last year’s agreement on a computerised system to monitor movements of excisable goods in bond between traders under duty-suspension arrangements. Brussels said the current system was unable to cope with increasing levels of tax evasion fraud, particularly for alcohol and tobacco.
Among other things the new regulation will allow direct contacts between local offices, set time limits for compliance with information requests and storage, allow officials from one country to carry out investigations in another and establish procedures for simultaneous audits by officials from two or more member states.
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
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay