Monday 18th
May, 3.30pm, Grimond Room, Portcullis House
The Public Accounts Committee (PAC) will examine HM Revenue &
Customs' (HMRC) work on large business tax compliance on
Monday, 18th May at 3.30pm.
Despite accounting for less than 0.1% of UK businesses, around
40% of the total tax revenue collected by HMRC comes from large
businesses. HMRC's large business directorate is responsible for
ensuring the approximately 2000 businesses that meet the criteria
pay the correct tax.
HMRC has a range of powers it can use to tackle poor behaviour by
large businesses, if required. These powers include a ‘special
measures' regime, which enables HMRC to sanction businesses that
are consistently non-compliant. MPs will likely use this session
to explore why HMRC has yet to use this regime and seemingly
makes limited use of the other powers it has available.
How HMRC can keep pace with changes to international tax laws,
and the potential impact of the £1.6bn allocated to modernise
HMRC's aging IT infrastructure are also likely to be discussed.
The Committee could also examine the improvements made to HMRC's
work in this area through its ‘cooperative compliance' approach
and consider how the model could be used in other aspects of its
work.
Witnesses from 3.30pm:
- John-Paul Marks CB, First Permanent Secretary and Chief
Executive, HM Revenue & Customs
- Jonathan Athow, Director General Customer Strategy and Tax
Design, HM Revenue & Customs
- Penny Ciniewicz, Director General Customer Compliance Group,
HM Revenue & Customs
- Nicole Newbury, Director Large Business Compliance, HM
Revenue & Customs
