Consultation on Revenue powers published
Planned changes to increase the power of the taxman to investigate serious tax fraud have been outlined in an Inland Revenue consultation document out today.
The Finance Bill, currently passing through Parliament, contains provisions to modernise the criminal investigation of suspected serious tax fraud. P>The provisions, if enacted, will provide for the detailed rules on how the Revenue will apply for an order, and how a person who receives an order can comply with it, to be set out in regulations. The draft regulations have been published so that interested parties can raise their thoughts and concerns.
Comments on the regulations are invited by 31 July 2000.