From HMRC:
The Budget package includes tax changes which address unfairness, underpin digital transformation, and support the integrity of the tax system.
These changes align with HMRC’s strategic objectives; to modernise our services, improve our day-to-day performance, and close the tax gap; alongside those which bear down on those who deliberately flout the rules.
The relationships that HMRC have with our external partners are critical in ensuring that our work is rooted in expertise and customer insight. Your input over the last year has directly resulted in improved design across a number of measures from last year’s Budget, including Modernising and Mandating Tax Adviser Registration, tackling promoters of tax avoidance schemes, and modernising collection of third-party data. Please check the consultations page on GOV.UK regularly to share your views in response to consultations published in the coming days and months.
As part of today’s Budget, the government also published the independent review of the loan charge carried out by Ray McCann and accepted all but one of its recommendations. This includes a new loan charge settlement opportunity along with changes that will make it possible for customers to settle with extra support. Full details are available in the government’s response published alongside the Budget.
