| More power for HMRC |
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| Thursday, 13 March 2008 | |
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This year's Finance Bill will contain new powers for HM Revenue & Customs.
The move to include the legislation aims to enable HMRC to enforce tax compliance better and follows a period of consultation which ended last week. Paul Harrison, tax partner at KPMG in the UK, said that the key point will be whether HMRC had listened to representations made during this consultation period. He gives the example of key business concerns about adequate rights of appeal against proposed HMRC action. Harrisson added that the power to make unannounced visits to business premises to inspect assets and business records would be one of the more draconian proposals. “While there is an appreciation that HMRC needs adequate powers to ensure compliance, business is concerned to ensure these powers would be used proportionately with proper oversight,” he concluded. Related articles
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