Government consults on options to reform tax administration

[ad_1] The government has published a call for evidence on HMRC’s enquiry and assessment powers, penalties, and safeguards. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to […]

ABAB survey explores tax administration burdens on business

[ad_1] The annual survey by the Administrative Burdens Advisory Board (ABAB) received a record number of responses. Burdens on business remain a significant concern and continue to increase. ABAB has published the findings from its annual Tell ABAB survey for 2022/23. ABAB received almost 7,500 responses, a significant increase on the average of about 3,000. […]

ICAEW responds on simplifying income tax administration

[ad_1] HMRC’s discussion document on simplifying income tax administration covers several disparate topics. ICAEW’s response agrees that improvements are possible if HMRC has the resources to develop its digital services and the needs of agents are considered. HMRC’s tax administration framework review (TAFR) is one element of HMRC’s 10-year Tax Administration Strategy, launched in 2020. […]

Tax administration and maintenance day proposals

[ad_1] ICAEW’s Tax Faculty is seeking input from members on consultations on a range of issues including IR35, cryptoassets, and reform of stamp taxes on shares. Read the full list of consultations and find out who to contact with your views. The government published 11 new consultations and calls for evidence on tax administration and […]

Tax administration and maintenance day summary

[ad_1] Simplifying and modernising the tax system and tackling the tax gap – this framed the consultations, calls for evidence and next steps announced on tax administration and maintenance day (TAM day). ICAEW’s Tax Faculty highlights the key points. On TAM day (27 April), the government published a series of consultations and tax policy updates, […]

Spring Budget 2023: Tax administration and simplification

[ad_1] ICAEW’s Tax Faculty outlines proposals announced at Spring Budget 2023 that aim to improve and simplify tax administration. Disappointingly, there is no additional funding to improve HMRC’s service performance. Prior to the Budget, ICAEW called for action to address poor HMRC service standards. Unfortunately, the government has not responded, although it is not clear whether […]