Jonathan Levy reviews the lessons HMRC has learnt from the IRS, and predicts what's in store
The relationship
Much has been made of the special relationship between the UK and the USA. It is perhaps less well known that there is a similarly strong relationship between the revenue authorities of the two countries. The author who has a background at HMRC Solicitor's Office has seen this first hand from his days of advising the Special Compliance Office (now SI). The relationships between senior officials from both organisations have always been very good. Meetings were held on a regular basis to exchange ideas and more than one pub in the UK has seen detailed technical discussions and ideas swapping over a few beers.
How the IRS do it
In matters of tax compliance the US tends to get there first. The US was the first to realise...
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Jonathan Levy reviews the lessons HMRC has learnt from the IRS, and predicts what's in store
The relationship
Much has been made of the special relationship between the UK and the USA. It is perhaps less well known that there is a similarly strong relationship between the revenue authorities of the two countries. The author who has a background at HMRC Solicitor's Office has seen this first hand from his days of advising the Special Compliance Office (now SI). The relationships between senior officials from both organisations have always been very good. Meetings were held on a regular basis to exchange ideas and more than one pub in the UK has seen detailed technical discussions and ideas swapping over a few beers.
How the IRS do it
In matters of tax compliance the US tends to get there first. The US was the first to realise...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
