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Avoiding The Issue

Richard G Clarke, Senior Manager, PricewaterhouseCoopers, examines a new compliance and enforcement tax investigations package which was outlined in the Budget

 
Richard G Clarke Senior Manager PricewaterhouseCoopers examines a new compliance and enforcement tax investigations package which was outlined in the Budget
 
The main non-legislative revenue raising measure in the Budget was outlined in a press notice entitled 'Fairness in Taxation — Protecting Tax Revenues'. A new compliance and enforcement package was heralded involving an extra £66 million for the Inland Revenue and intended to yield 'at least an additional revenue totalling £1.6 billion'.
 
The additional funding will be used in three areas:
 
●     countering non-payment of tax and NICs and failure to file returns;
 
●     tackling fraud involving concealment of profits...

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