The year started with the House of Commons Public Accounts Committee (PAC) hearing live evidence from senior HMRC officials for the purposes of preparing their report on managing tax compliance following the pandemic which was duly released on 3 May 2023.
The PAC report was prepared against a backdrop of a £9bn reduction in HMRC’s ‘compliance yield’ (essentially the amount of tax collected in addition to that paid voluntarily by taxpayers resulting from HMRC’s compliance activities or interventions) during the pandemic (FYs 2020/21 and 2021/22); and around 1 000 less criminal prosecutions compared to pre-pandemic levels.
The PAC report’s recommendations for HMRC include learning from the experience of staffing challenges in the pandemic and specifying how it can respond more...
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The year started with the House of Commons Public Accounts Committee (PAC) hearing live evidence from senior HMRC officials for the purposes of preparing their report on managing tax compliance following the pandemic which was duly released on 3 May 2023.
The PAC report was prepared against a backdrop of a £9bn reduction in HMRC’s ‘compliance yield’ (essentially the amount of tax collected in addition to that paid voluntarily by taxpayers resulting from HMRC’s compliance activities or interventions) during the pandemic (FYs 2020/21 and 2021/22); and around 1 000 less criminal prosecutions compared to pre-pandemic levels.
The PAC report’s recommendations for HMRC include learning from the experience of staffing challenges in the pandemic and specifying how it can respond more...
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: