Final effort to rein in HMRC powers
Tories pledge to fight bill that will give HMRC powers to raid businesses
Tories pledge to fight bill that will give HMRC powers to raid businesses
A last ditch attempt to kill widely criticised new powers for HM Revenue
& Customs will be mounted by the Tories next week as the finance bill heads
for its final stages.
The promise came from shadow chief secretary Philip Hammond during
parliamentary debates on the powers which include the right to ‘raid’ businesses
and visit the offices of advisers during a tax investigation.
There are fears the powers could be used for fishing expeditions and efforts
from financial secretary Jane Kennedy to reassure objectors have so far failed.
She offered seven days’ notice of any raid as a concession.
Hammond described the concession as ‘tiny’ and reiterated disappointment that
‘widespread concerns’ had not been heeded.
He went on to promise an 11th hour bid to force further amendments to the
bill.
The final stages are due on Tuesday and Wednesday next week.
Liberal Democrats have made plain their concern that civil liberties are at
stake.
Colin Breed, Lib Dem shadow chief secretary, added that despite government
assurances, ‘if they are on the statute book and open to interpretation, you
will always get those who are going to push the boundaries and some of these
powers are unnecessary’.
The numbers you crunch tell a story. Your expertis...
16yEmbracing 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 upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleUHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...
View articleIt is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...
View articleMorton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View articleThe Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...
View articleThe revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...
View articleAlthough the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...
View article