TaxPersonal TaxRevenue warned it is risking erosion of tax base becuase it is failing to tackle e-commerce

Revenue warned it is risking erosion of tax base becuase it is failing to tackle e-commerce

The Government must devote further 'significant resources' to assess the impact of e-commerce across the the UK tax system or risk major erosion of the tax base, the Chartered Institute of Taxation has warned.

Responding to the chancellor’s pre-Budget report, the CIoT said the government must also recognise its taxation system must be competitive on a global basis.

‘We note with regret the recent Extra Statutory Concession in respect of insurance company business transacted abroad, where we believe the requirement to issue chargeable event certificates to non-residents will act as a significant deterrent to UK companies wishing to compete in the European market, given that no similar information requirements are imposed by overseas Revenue authorities,’ it said.

The institute also said ministers should do more to simplify the tax system for the elderly. Welcoming the envisaged renewal of the Taxback campaign, it added: ‘We also consider that requiring individuals to write to their tax districts to obtain the refunds is unduly burdensome.

‘A simplified repayment form should be introduced and made widely available in banks and building societies so that this group may easily access their overpaid taxes.

‘We repeat our call for a much more customer-focused approach to the problems of this group of people. We believe that until there is a widespread realisation within the Inland Revenue of what it is like to be elderly and be their customer then the long overdue improvements to procedures will not be regarded as a priority.’

Inland Revenue

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

5m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter