HMRC will analyse the data using its sophisticated risking system, Connect. This cross- references and compares the data with what the tax authority already holds. The process will allow HMRC to identify fraud and evasion. HMRC has worked closely with international tax authorities – many of which have already had great success in reducing evasion, from access to such data. This week HMRC is launching the second stage of an evasion publicity campaign, through a series of targeted advertisements including radio advertising and over 3,000 billboards in public areas. The campaign works alongside existing compliance activity such as data collection, Taskforces and enforcement to raise awareness among those breaking the rules that HMRC is closing in on undeclared income.
Legislation was introduced in the Finance Act 2013 allowing HMRC access to merchant acquirer data. The legislation came into effect on 1 September 2013.
The Evasion Publicity campaign first aired from November 2012 to February 2013. This second burst runs from the 2 September to 4 October. Further information is available on GOV.UK .
HMRC’s Your Charter
23 September 2013
HMRC has published their annual report which shows the extent to which they have demonstrated the values and standards of behaviour as set out in Your Charter.
HMRC deals with the tax and payments affairs of virtually every business and individual in the UK; HMRC’s Your Charter sets out the relationship they want with their customers. This latest report (covering January 2012 to March 2013) focuses in particular on: answering customer calls and dealing with post; working with customers to pilot and then roll out Real Time Information for PAYE developing the Digital Strategy ; and helping customers with key life events such as retirement or bereavement and improving support to disabled customers.
You can read the full report by following the link below.
Your Charter Annual Report Summary: January 2012 – April 2013
HMRC briefing on High Income Child Benefit Charge
3 October 2013
HMRC has published a briefing detailing who is affected by the child benefit charge, how it works and how it is administered.
Any taxpayer with income above £50,000 in a tax year who receives Child Benefit, or lives or lived with a partner receiving Child Benefit, is now liable to pay an income tax charge. The briefing explains who is affected by the charge, how it works, how it is administered and the information HMRC provide to customers.
High Income Child Benefit Charge - HMRC issue briefing
CIPP Policy News Journal
16/04/2014, Page 166 of 519
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