HMRC is to extend its trial of a proposed ‘single compliance process’ to ensure that sufficient data is collected to ‘test the process fully’.
PKF has warned that HMRC’s extended programme of business records checks will ‘waste everyone’s time’, and suggested that HMRC staff employed on the programme could be put to ‘much better use’.
The OECD has published peer reviews on the legal framework for transparency and exchange of tax information in Andorra, Anguilla, Antigua and Barbuda, Austria, Bahrain, the British Virgin Islands, Curaçao, Liechtenstein, Luxembourg, Saint Kitts and Nevis, and the Turks and Caicos Islands.
HMRC are consulting on draft regulations to give effect to the new EU Mutual Assistance in Recovery Directive, Council Directive 2010/24/EU (‘MARD’).
HMRC do not recognise or give ‘proper credit’ for a tax agent’s membership of a professional body, the ICAEW Tax Faculty said in response to the department’s consultation on a strategy for engaging with tax agents.
A man who set up more than 50 fake tax agent companies to commit a £1m tax fraud has been jailed for two years.
HMRC have been released from an undertaking restricting certain covert activity by the department’s criminal investigators, the Exchequer Secretary to the Treasury announced.
The Chartered Institute of Taxation has commended HMRC’s ‘willingness to listen’ to criticisms of the department’s original proposals to tackle dishonest conduct by tax agents.