HMRC expects to recover £30m from compliance activity by new taskforces tackling evasion among Scottish pubs and nightclubs; hair and beauty businesses in Northern Ireland; the motor trade in South Wales, the South West, Yorkshire, Nottinghamshire and the North East; and restaurants in South Wale
HMRC proposes to add a ‘taxpayer responsibilities’ test to extra-statutory concession A19 that would require taxpayers to have ‘a certain basic level of knowledge’ about their tax affairs.
The Finance Bill as amended at Report Stage in the House of Commons is available on the Parliament website. The PDF (10Mb) has 704 pages. There are 229 clauses and 39 schedules.
Chartered accountants at odds over ICAEW chief's missive
A millionaire property developer who failed to disclose a Swiss bank account to HMRC during a civil enquiry pleaded guilty to cheating the public revenue, in the first prosecution based on data stolen by a former HSBC employee and obtained by HMRC under the terms of a tax treaty with France.
The long-term pressures on public finances suggest not, David Smith writes.
A round up of new developments
HMRC needs a ‘better understanding’ of the costs and benefits of interventions such as debt campaigns and initiatives to drive down error and fraud in tax credits, according to the Head of the National Audit Office.
More views (online only) from tax professionals on the proposed general anti-abuse rule
HMRC announces successors to Dave Hartnett and Mike Clasper