TaxCorporate TaxHMRC launches consultations on new powers

HMRC launches consultations on new powers

HMRC releases documents outlining its plans for new powers to collect tax

The taxman has released three new consultations on reforming the way it works
to collect tax.

HM Revenue & Customs has published papers on reforming tax penalties,
making sure taxpayers pay the right tax and also ensuring they pay what they
owe.

‘The further powers consultations are also another step towards a modern
framework of law and practice for both HMRC powers and taxpayers safeguards,
which will ultimately provide greater consistency across taxes and make HMRC
more efficient and effective,’ said financial secretary to the Treasury Jane
Kennedy.

The consultations were launched alongside the plans for a new taxpayers’
charter, which sets out taxpayer rights and responsibilities.

‘The government is committed to ensuring that the tax system is useable and
accessible and a Taxpayers’ Charter will provide a good reference point for
taxpayers,’ she added.

View the consultations
here.

Further reading:

HMRC launches change process to
rebuild confidence

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