TaxPersonal TaxRevenue move to focus on biggest tax payers

Revenue move to focus on biggest tax payers

Corporate tax managers are to join an new Inland Revenue initiative aimed at improving the service it provides to large companies.

The Revenue has announced it is setting up a Large Business Office Forum to examine the largest corporate customer service issues, as well as providing a medium for discussions into new and proposed legislation.

Its formation has developed through the introduction of new legislation and has been given added impetus by the Modernising Government White Paper.

LBO Director Marjorie Williams said: ‘The Forum will enable us to provide all the help our customers need to meet their statutory responsibilities. We will also get taxpayers’ feedback on our customer services together with opinions and insights as to how new legislation can best be operated in practice.’

The membership of the Forum consists of a cross section of corporate tax managers as well as representatives from the LBO and Inland Revenue generally. Meetings will take place two to three times a year, with the first meeting scheduled for January.

The Revenue is inviting comments on any aspect of the Forum. Details have been placed on the Large Business Office section of the Inland Revenue website at www.inlandrevenue.gov.uk

The Revenue is keen to encourage people to enter the debate via this website.

The LBO deals with the largest UK corporate taxpayers and partnerships as well as banks, building societies and insurance companies operating in the UK.

Large corporates, who are the LBO’s main customers, comprise 5% of corporate taxpayers but contribute about £27bn (90%) of the Corporation Tax as well as countless millions in PAYE. The idea for the Forum was originally conceived at the time CTSA legislation was introduced.

Unhappy New Year: for companies facing 115% tax bills in January

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