HMRC embraces tax compliance

Posted on

Accountancy Age report that:

Dave Hartnett, acting chairman of HM Revenue & Customs, has approached every FTSE 100 finance director, offering a lighter scrutiny of their taxes - if they agree to higher levels of disclosure and co-operation.

That's good.

That's consistent with the TJN Code of Conduct for Taxation.

And it would help stop further deterioration in the effective rate of tax paid by these companies.

I wonder how many will accept the invitation?