Treasury minutes dated 28 March show that HMRC agrees with most of the six recommendations made by the Public Accounts Committee concerning the collection of tax from HNWIs (reported in Tax Journal, 3 February 2017). Among the recommendations, HMRC will consider changing the name of its customer relationship managers as part of a wider review of wealthy compliance.
However, HMRC disagreed with the PAC’s recommendation for a formal evaluation of its high net worth unit. The department said it scrutinised the performance of all teams on a regular basis, and it did not believe that a further formal evaluation is required.
Treasury minutes dated 28 March show that HMRC agrees with most of the six recommendations made by the Public Accounts Committee concerning the collection of tax from HNWIs (reported in Tax Journal, 3 February 2017). Among the recommendations, HMRC will consider changing the name of its customer relationship managers as part of a wider review of wealthy compliance.
However, HMRC disagreed with the PAC’s recommendation for a formal evaluation of its high net worth unit. The department said it scrutinised the performance of all teams on a regular basis, and it did not believe that a further formal evaluation is required.
