14th May 2012
The Chancellor recently set out his ‘expectations’ from HMRC for the current financial year, with the emphasis on increasing revenues, tackling non-compliance and increasing efficiency and customer service.
The priority areas targeted by the Chancellor are set out below.
Improving tax collection and reducing the tax gap:
HMRC is expected to secure ‘additional’ revenue in 2012/13 of at least £17bn. Of this, £917m invested in efficiency savings under the Spending Review should secure £4bn by tackling tax avoidance, evasion and criminal activity.
To read more visit http://wwtaxclub.blogspot.co.uk/2012/05/george-expects.html