Business News 04 Dec 2012
MPs 'unconvinced' by HMRC's ability to manage major tax reforms
A committee of MPs has raised doubts over HMRC's ability to cope with the new Real Time Information regime and changes to child benefit, following an examination of the Department's annual report and accounts for 2011/12.
The new rules on child benefit are due to come into effect on 7 January, while HMRC's new PAYE regime is set to be rolled out from April 2013.
Yet in a report by the Public Accounts Committee, MPs said they were unconvinced that HMRC is sufficiently prepared for the upcoming reforms.
'HMRC did not convince us that it will manage the potential increase in its workload or that it had fully considered the impact on taxpayers,' the report states.
Read more at http://tinyurl.com/csn97a4