HMRC Powers
HMRC has published two more consultation papers, as part of its work to modernise its powers, deterrents and accompanying safeguards. The first paper considers options for a new approach to compliance checks, while the second asks for views on the adequacy and effectiveness of current safeguards for taxpayers.
Consultation Document 1:
This consultation document seeks views on a compliance checking framework which would align rules across income tax, corporation tax, VAT, PAYE and NICs. It would also distinguish between nonbusiness and business taxpayers and better align the time-limits for making tax assessments. Closing date for responses: 10 August 2007.
Consultation Document 2
This consultation document seeks views on the adequacy and effectiveness of current safeguards for taxpayers. Annex 1 provides a summary of taxpayer safeguards and HMRC would welcome comments on its comprehensiveness and accuracy. Closing date for responses: 10 August 2007.