HMRC has increased compliance activity by introducing new approaches to checking employer compliance, leading to a 10% increase in compliance yield to £34bn in 2022/23. The tactics include nudge letters and desk top reviews targeting a wider range of employers to encourage self-disclosure and identify errors. The business risk review plus (BRR+) process assesses large or complex businesses’ tax compliance risk and evaluates their risk ratings. HMRC has issued further guidance for off-payroll working rules and increased reviews of medium-sized and large businesses. The check your employment status tool (CEST) has been used around 1.8 million times.
Source RSM
Latest Posts in "United Kingdom"
- One Third of UK Small Firms May Quit EU Trade Due to Costs and Complex Rules
- HMRC Offers Free Access to Customs Declaration Data for Enhanced Compliance and Governance
- Sweetmotion Ltd: Partial VAT Input Denial and Penalties Reduced Due to HMRC Delay and Director’s Naivety
- FTT Refuses Strike-Out: Second VAT Appeal by BIOT Allowed, Not Abuse of Process, Reasonable Prospect
- VAT Treatment of Public Funding for Further Education Institutions: HMRC Response to Colchester Judgment
