Jan Wright, of STEP’s UK Practice Committee, and I attended the HM Revenue & Customs Annual Stakeholder Conference today. We heard from Financial Secretary to the Treasury, David Gauke MP, that through policy changes and an investment of £800 million, the government was striving hard to find ways to incentivise tax compliance and make the tax system as a whole easier to operate and understand.
HMRC is focused on tackling tax evasion and tax avoidance, as well as aggressive tax planning. They want digital businesses that deliver products and services into a market – without having physically set up in that location – to be taxed appropriately.
HMRC also issued four consultation documents today on new measures against offshore tax evasion, with further consultations and calls for evidence likely, coming out of the UK Budget last week.