Chris Davidson, tax director at KPMG comments on the changes in tax administration.
Chris Davidson, tax director at KPMG, said:
“Behind the headlines, there is a raft of changes in tax administration.
“The most significant in terms of the impact on Government finances is the spend-to-raise package provided by the Treasury.
“This will give HMRC £155m over the next five years to raise an estimated £2.3bn, which will be an impressive return on investment. The package is mainly targeted at closing the tax gap and should help HMRC continue to tackle all forms of non-compliance.”
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