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HMRC’s new powers to demand further information from taxpayers are too broad according to the Association of Taxation Technicians.
The association has submitted comments on the draft Finance Bill legislation which will enable HMRC to specify additional information to be reported in tax returns and through PAYE.
The ATT considers:
- the detail of any additional information required to be included in returns should have been contained within the primary Finance Bill legislation and not relegated to regulations;
- without knowing exactly what additional information is required it is impossible to comment on how workable the plans for their provision are; and
- this enabling legislation provides unlimited scope for extra data and information in relation to direct taxes to be requested at a future date through regulations.
It is expected that the reporting of the following additional information in tax returns and through real-time information (RTI) reporting will be required...
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