The Chartered Institute of Payroll Professionals
News On Line
• The Car Fuel Benefit Charge multiplier will uprate from £24,600 to £25,300 • The Van Fuel Benefit Charge will uprate from £669 to £688
Back to contents
HMRC’s Annual Charter and Report 9 November 2021
Her Majesty’s Revenue and Customs (HMRC) has published its Charter Annual Report for 2020-21 and its Annual Report and Accounts for 2020-21.
The reports highlight the fact that HMRC has collected more than £608 billion in tax revenues over the course of the last financial year. This is 4.4% less than the previous year but has been achieved despite the economic impact of coronavirus. The Charter discusses the relationship between HMRC and those it interacts with, explaining the behaviours that are expected from each party. The Charter Annual report explores how HMRC has performed against the standards of the Charter, of which there are seven. This publication of the report covers the period from April 2020 to March 2021. In addition to these reports, HMRC’s performance figures for July to September 2021 have also been published, showing that customer service levels on helplines and postal services are starting to stabilise, but that there is still work to be done to get back to the position observed prior to the pandemic.
Back to contents
Coronavirus support scheme fraud – HMRC’s approach 9 November 2021
With many of the government’s coronavi rus support schemes ending, it is time for HM Revenue and Customs (HMRC) to assess the impact of fraud within them. HMRC estimate £5.8 billion of the £81.2 billion spent has been lost to fraud, that’s over 7%. This is in line with the assumptions made by the government at the original planning stage. The schemes were designed to inhibit as much fraud as possible while making the support available quickly to those who needed it. As changes were made, fraud levels fell in the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS). In a recent publication, HMRC has detailed their approach to error and fraud, including their investment in a Taxpayer Protection Taskforce. This taskforce will aim to increase one-to-one enquiries to 30,000 cases up to 2022-23. The publication also states “We aim to produce updated error and fraud estimates for CJRS and SEISS by summer 2022. For the CJRS we will do this by conducting a random enquiry programme and gaining operational data from completed compliance interventions. We expect to refine the SEISS estimates when the full year of 2020 to 2021 Self- Assessment data becomes available.”
HMRC provides some examples of compliance action taken to illustrate where they may investigate and the outcomes of those cases.
Back to contents
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 128 of 220
Made with FlippingBook - Online magazine maker