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HMRC have launched a consultation on the closure rules for enquiries, to examine the current process and the restrictions it puts on the department in resolving one or more aspects of an enquiry.
The Revenue is seeking views on plans to streamline the system by enabling tax officials to obtain early closure of one or more facets of an enquiry, when it is not appropriate to close the whole matter.
HMRC have launched a consultation on the closure rules for enquiries, to examine the current process and the restrictions it puts on the department in resolving one or more aspects of an enquiry.
The Revenue is seeking views on plans to streamline the system by enabling tax officials to obtain early closure of one or more facets of an enquiry, when it is not appropriate to close the whole matter.
The consultation document (condoc) examines the types of cases that would be targeted and outlines safeguards surrounding use of the new power.
The proposals also include changes to rules governing payment, to allow earlier payment to be achieved in respect of successfully concluded aspects of an enquiry.
HMRC say the amendment would require changes to the self assessment enquiry framework in respect of income tax, including classes 2 and 4 National Insurance contributions, capital gains tax and corporation tax.
Comments relating to the condoc should be sent by email no later than 12 March.
