HMRC have published details of the types of data they hold, and a summary of their approach to transparency, with a view to meeting commitments made in an updated Business Plan.
‘Thousands of British clients of HSBC who stashed money in Switzerland are to have their financial affairs probed by the taxman … HMRC has obtained the names and account details of 7,000 HSBC customers from a whistleblower …
HMRC have agreed to delay the start of their ‘single compliance process’ pilot for enquiries across a range of taxes, in order to allow the department to produce detailed guidance for agents, the ICAEW Tax Faculty said.
Jason Collins asks whether the Tribunal in Parissis came to the right conclusion on when a document is within a person’s ‘power’
HMRC announced that they are discussing with ‘interested parties’ an initiative to ‘crack down on VAT rule breakers’. The campaign, to be launched later in the summer, will focus on individuals and businesses who are trading above the VAT threshold but have not yet registered for VAT.
Proposals to counter the marketing and use of ‘high risk’ tax avoidance schemes – still used by a small but significant number of taxpayers, according to HMRC – are set out in a new consultation document.
Any system of enrolment of professional tax agents must be overseen by an independent body, the CIOT’s new President warned as HMRC launched a consultation on the department’s future relationship with the tax agent community.
‘Over the next few months the taxman will dine out in some of London’s finest restaurants. Who will pick up the bill, you ask? We will be, as taxpayers.
HMRC are set to begin a six-month trial of a new, single compliance process for enquiries across a range of taxes.