The government is considering how HMRC can modernise its collection of tax debts to reflect the changing nature of the economy and new business practices. The call for evidence also seeks views on HMRC’s approach to the small minority of business taxpayers who do not engage with HMRC and hold off paying their tax for as long as they can, forcing HMRC to resort to enforcement action.
The proposals will not affect taxpayers who are in temporary financial difficulty and need support from HMRC to get back onto a sustainable financial footing, including those affected by the Covid-19 pandemic.
This is likely to be of particular interest to accountants, tax agents, legal professionals, insolvency practitioners, debt advice providers, financial advisers, and their clients.
This consultation closes at
Source gov.uk
Latest Posts in "United Kingdom"
- UK Implements EPR Scheme: Producers Pay Fees for Packaging Waste Management Starting 2025
- Rachel Reeves Considers VAT Adjustments Amid Budget Challenges Despite Labour’s Pledge
- Cayman Implements New Taxes on Imported Vehicles
- Tribunal Rules Nitrous Oxide Not Zero-Rated Food in Telamara VAT Case
- HMRC Updates VAT Notice 700/18: New Guidelines for Bad Debt Relief Claims
