{"id":34887,"date":"2016-10-04T07:57:39","date_gmt":"2016-10-04T06:57:39","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=34887"},"modified":"2016-10-04T07:57:40","modified_gmt":"2016-10-04T06:57:40","slug":"hmrc-has-got-a-lot-to-do","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/10\/04\/hmrc-has-got-a-lot-to-do\/","title":{"rendered":"HMRC has got a lot to do"},"content":{"rendered":"

The All Party Parliamentary Group on Responsible Taxation has a new call for papers out<\/a>. Their plan is to hold an inquiry into public confidence in HMRC\u2019s capability to collect tax fairly and effectively.<\/p>\n

I submitted a response yesterday, which is here<\/a>.<\/p>\n

I said in response to the question 'What legislative, resourcing or other measures would help to narrow the tax gap?'<\/p>\n

    \n
  1. Properly appraise the tax gap: no management is effective until it properly appraises the issues it faces;<\/li>\n
  2. Set up an Office for Tax Responsibility to monitor the tax gap independent of HMRC management;<\/li>\n
  3. Appraise the cost of all tax reliefs and allowances and eliminate as many as possible to reduce cost, remove loopholes and ease taxpayer life;<\/li>\n
  4. Provide as many tax reliefs (pensions, charitable giving, etc.,) at just one rate to ease administration;<\/li>\n
  5. Integrate Companies House and HMRC with one annual return required from all companies, without exception;<\/li>\n
  6. Make the directors of companies who do not file required returns personally liable for all tax owing;<\/li>\n
  7. Introduce annual automatic information exchange from UK banks to HMRC on bank accounts a company maintains, beneficial ownership of the company, trading addresses, known directors, and annual deposits;<\/li>\n
  8. Consider requiring the same data for UK resident individuals;<\/li>\n
  9. Require public country-by-country reporting for the behavioural change it will give rise to;<\/li>\n
  10. Properly use naming and shaming powers;<\/li>\n
  11. Require an HMRC office in every town of more than 100,000 people with an enquiry centre attached;<\/li>\n
  12. Improve HMRC pay: make HMRC a viable career option once more;<\/li>\n
  13. Set HMRC a task of maximising revenue, not minimising cost;<\/li>\n
  14. Require a broad basis of representation on the board of HMRC;<\/li>\n
  15. Equalise the rates of income tax and capital gains tax to minimise the incentive to tax abuse;<\/li>\n
  16. Reduce the gap between income tax and corporation tax rate to minimise tax abuse.<\/li>\n<\/ol>\n

    There is a lot to do.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The All Party Parliamentary Group on Responsible Taxation has a new call for papers out. Their plan is to hold an inquiry into public confidence
     Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,97],"tags":[],"class_list":["post-34887","post","type-post","status-publish","format-standard","hentry","category-hmrc","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=34887"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34887\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=34887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=34887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=34887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}