In a bid to avoid the problems that haunted the introduction of
self-assessment tax filing, the taxman is setting up a board of business and
accounting experts to run the rule over its new powers.
In a column in this week’s Accountancy Age, HMRC permanent secretary
for tax Dave Hartnett says that a forum will oversee the implementation of the
new powers, and that he will chair it.
‘It is vitally important we get this right and learn lessons from the
introduction of self-assessment, where we ended up with more complex
arrangements than anyone had envisaged,’ he writes.
HMRC’s revamped powers include a new penalty scheme for non-payers and late
payers, and greater power to undertake compliance checks at premises, include
the right to investigate a business’s record-keeping.
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