Lobbyist pressure for tax charter
Pressure for the government to draw up a taxpayers' charter will increase this autumn as lobby groups line up fresh research to back their demands
Pressure for the government to draw up a taxpayers' charter will increase this autumn as lobby groups line up fresh research to back their demands
The Chartered Institute of Taxation, tax
campaigner Richard Murphy and European tax experts the CFE all aim to produce
reports on the need for a charter, or code of conduct, between
HM Revenue & Customs
and the taxpayer.
Last week saw renewed demand for some form of governance after it was
revealed that HMRC was seeking increased powers to seize money from the bank
accounts of taxpayers, a request that met with widespread condemnation.
The CIoT has Philip Baker of Grays Inn Tax Chambers working on research
backing a charter which, it is hoped, could form the basis of a defence for
taxpayers should they face the taxman in court.
HMRC said this week it had received several representations from various
bodies concerning a new taxpayers’ charter. ‘We are urgently considering those
representations as part of that review,’ a spokesman said.
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article