THE TAXMAN’S FANCY new system, Connect, is being used to cross-reference data from plumbing industry watchdog Gas Safe with its own info to force plumbers’ tax affairs out into the open. Connect was flagged up last year for bringing together stamp duty data with CGT duty on house sales. To the layman it would seem strange that HMRC’s systems weren’t “connected” in the first place, but then you know better.
What is clear is that if HMRC can break the habit of a lifetime and get different datasets singing together in harmony, then it might just be able to catch those able to creep through the yawning gaps in HMRC’s knowledge.
The obvious answer is that heavily regulated industries, where form filling is the norm, could provide a rich seam. Professions where cash-in-hand is notorious, such as in building, will no doubt continue to prove elusive.
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
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Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay