Time to modernise the tax administration system

As part of the government’s ten-year tax administration strategy it is seeking views on how the legislation underpinning HMRC’s administration of the tax system could be updated. It asks how it could be simplified to:

• offer a better experience for individuals and organisations;
• provide opportunities to reduce the tax gap; and
• help build greater resilience and responsiveness to future crises.

According to HMRC a reformed framework is key to driving up productivity and innovation as the UK’s tax system becomes increasingly digital – allowing HMRC and taxpayers to benefit from advances in the use of technology and data.

In a related consultation HMRC is gathering evidence on the benefits and challenges of the current tax payment timings and for moving to more frequent in-year tax calculation and payment.

It focuses on income tax self assessment and corporation tax for companies outside the quarterly...