The Assets Recovery
Agency is set to be closed, just four years after promising to
recoup £60m a year in assets from organised crime.
Reports suggest that staff working at the agency, which includes 650
financial investigators, would be transferred as part of a merger with the
Crime Agency .
During 2004-2005 the agency recovered £4.4m in assets, despite costing £20m
Home Office minister Vernon Coaker said the agency had steered through
radical new powers through every legal challenge it faced, according to The
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group